The diagram on the left shows cost push inflation.
But why have the cosst risen?
Why have the costs of materials risen? One answer is that there is a high demand for them. Thus the 'cost push inflation' has been caused by demand.
Which means that it's nOT cost-push inflation...doesn't it?
In which case does cost-push inflation exist?
MCQ Walkthrough 9708/32 (India) (Q21 - Q30)
8 months ago