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Marina CMI [18]
3 years ago
10

What type of inflation states that labor groups cause inflation

Social Studies
1 answer:
bixtya [17]3 years ago
8 0

Answer:

There are three main types of inflation: demand-pull, cost-push, and built-in inflation. Demand-pull inflation occurs when the overall demand for goods or services increases faster than the production capacity of the economy. Cost-push inflation happens as a result of an increase in the cost of production.

Explanation:

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If they spend all night writing computer programs, Laurence can write 10 programs while Carrie Anne can write 5. If they spend a
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Laurence has an absolute advantage in both programs and sunglasses

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            "Absolute advantage" is used in economic terms which means the capability of an individual or organisation to produce or have an advantage of producing more product or services using the equal amount of resources is termed as having "absolute advantage" for that individual or organisation.

            Here while writing programs, Laurence wrote 10 programs while Carrie Anne can wrote 5 programs.

            And  while making sunglasses, Laurence made 6 sunglasses while Carrie Anne made 4 sunglasses.

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"Laurence has an absolute advantage in both programs and sunglasses".

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