What type of inflation states that labor groups cause inflation

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Champ

Social Studies

13 January, 13:31

What type of inflation states that labor groups cause inflation

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Kayden Ibarra · Answer 1

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.