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olasank [31]
2 years ago
12

How does demand pull inflation differ from cost push inflation ?

Social Studies
2 answers:
Alexandra [31]2 years ago
7 0

Inflation is an increase in the general price level of goods and services.  

Demand pull inflation can be defined as a rise or increase in the total demand for goods and services. For example: an increase in the price of gasoline would cause the price of other goods to rise because gasoline is been used to transport the goods.

On the other hand, Cost push inflation can be defined as a rise in factors of production. For example: higher taxes, higher cost of raw materials, a rise in the price of gasoline etc.

geniusboy [140]2 years ago
6 0
On the other hand the cost push inflation is one where price level increases due to the increase in the price of inputs like increase in wages and raw materials. the increase in price of inputs decreases the short run aggregate supply which increases the price level.
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Farmer Jack grows watermelons on his farm. He can plant up to 3 bags of watermelon seeds each season. Each bag costs him $100 an
mote1985 [20]

question (2) Marginal Cost = Change in cost / Change in quantity

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3 years ago
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People that experence anxiety and depression are most likley to aggravate whenever a big change happends, or a particular difficult situation presents. Jo developed these symptoms after she moved into the new city, which is a life changing experience. This situation can be a factor of distress.

3 0
3 years ago
Analysts describe the united states as a postindustrial society because?
SCORPION-xisa [38]

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US has transitioned from a manufacturing-based economy to service-based economy. It became the first country which have more than 50 percent workers in the service sector.

Hence it is also called as postindustrial society by some analysts.

To learn more about Post-Industrial society here

brainly.com/question/21455760

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