Economics · Macroeconomics (Inflation)
Stagflation is associated with which type of inflation?
- 1Creeping inflation, because it occurs gradually
- 2Hyperinflation, because money loses value rapidly
- 3Cost-push inflation, because output falls while prices rise✓
- 4Demand-pull inflation, because output rises
Correct answer
Cost-push inflation, because output falls while prices rise
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