Homework Clinic
Social Science Clinic => Economics => Topic started by: Lisaclaire on May 25, 2020
-
Question 1
Inflation caused by a rise in VAT is an example of
◦ demand-pull inflation.
◦ expectations-generated inflation.
◦ cost-push inflation.
◦ hyperinflation.
Question 2
Inflation caused by a cut in income tax is an example of
◦ demand-pull inflation.
◦ expectations-generated inflation.
◦ cost-push inflation.
◦ hyperinflation.
-
Answer 1
cost-push inflation.
Answer 2
demand-pull inflation.
-
Thank You