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When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull B. cost-push C. monetary D. Law of Supply
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Apr 28, 2017
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When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull
B. cost-push
C. monetary
D. Law of Supply
Business
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WorkSmarter
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Your answer is Cost-Push.
Cost push inflation – this occurs when there is a rise in the price of raw materials, higher taxes, e.t.c
Martin Cowie
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May 4, 2017
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Martin Cowie
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