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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 an increase in , resulting in for consumers.
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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 an increase in , resulting in for consumers.

User David Johnston
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1 Answer

4 votes

Answer: 1. Demand

2. Demand-pull

3. cost of production

4. Higher prices

Explanation: Just took test

User Leiko
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