5.3.2 - Based on Causes
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Practice Questions
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What is demand-pull inflation?
💡 Hint: Think about what happens when lots of people want the same thing.
Give one reason for cost-push inflation.
💡 Hint: Consider what factors increase the price of making products.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What type of inflation occurs when demand exceeds supply?
💡 Hint: Remember what happens when too many people want the same thing!
True or False: Cost-push inflation is caused by increased production costs.
💡 Hint: Think about what makes it more expensive to run a business.
2 more questions available
Challenge Problems
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Analyze how a national emergency (like COVID-19) can impact demand-pull and cost-push inflation differently.
💡 Hint: Think about consumer behavior during emergencies.
Propose economic actions a government could take to stabilize an economy experiencing both demand-pull and cost-push inflation.
💡 Hint: Consider the tools available for economic management.
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