Which of the following is/are the main type of inflation?

Demand-pull inflation

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Cost-push inflation

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Both A and B

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None of these

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Solution

The correct option is D Both A and B
There are two main types of inflation: demand-pull and cost-push. Fueled by income and strong consumer demand, demand-pull inflation occurs when the economy demands more goods and services than are available. This results in higher prices.

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