1. In the long term ……….is due to increase in the price of raw materials. This is the situation where prices rise to keep up with increased production cost. a. devaluation b. inflation c. recession d.

Felix TheCat asked Aug 6, 2022

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Felix TheCat asked Aug 6, 2022

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23 votes

Answer:

B. inflation

Step-by-step explanation:

Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.

Hongtao answered Aug 12, 2022

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