Inflation Initiated by Increases in Wages or Other Resource Prices

question 51

Multiple Choice

Inflation initiated by increases in wages or other resource prices is labelled:

• A)demand-pull inflation.
• B)demand-push inflation.
• C)cost-push inflation.
• D)cost-pull inflation.

---

Definitions:

HI

The chemical formula for hydrogen iodide, a diatomic molecule.

KOH

Potassium Hydroxide, a strong alkali used in various chemical processes and as a cleaning agent.

NaBr

Sodium bromide, a salt with various uses including in medicines, as a sedative, and in photographic processing.

React

To undergo a chemical change or transformation in response to another substance or condition.