passwella.
Menu

WAEC Economics 2019 Question 36

Question 36

Money and Inflation

An increase in the prices of factor inputs may result in

  1. A.demand-pull inflation.
  2. B.stagflation.
  3. C.open inflation.
  4. D.cost-push inflation.
Show the answer and explanation

Answer: D (cost-push inflation.)

Explanation

Higher input costs push up prices: cost-push inflation.