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types of inflation. use the drop - down menus to complete the statements. when people have more money and eagerly spend it, this increases. this leads to inflation. when the prices of raw materials or labor increase, this causes a, resulting in for consumers. supply demand the cost of production
When people have more money and spend it, it increases demand. This is demand - pull inflation. When raw material or labor prices rise, it causes an increase in the cost of production, which is cost - push inflation.
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First blank: demand
Second blank: the cost of production