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Question
types of inflation
use the drop - down menus to complete the statements.
when people have more money and eagerly spend it, this increases demand. this leads to demand - pull inflation.
when the prices of raw materials or labor increase, this causes an increase in, resulting in for consumers.
Brief Explanations
When raw - material or labor prices rise, it directly impacts the cost of producing goods and services. This increase in production costs is then passed on to consumers in the form of higher prices.
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the cost of production