AS AQA Economics - Macro -Cost push Inflation
- Created by: harryli
- Created on: 02-06-12 10:06
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Inflation - It is the continuous increase of prices of goods and services over a period of time.
There are two types of inflation in AS: > Cost-push inflation
> Demand-pull Inflation
Cost-push inflation occurs when the costs of firms to produce goods and services are risen leading to the increase of the prices of the goods…
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