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In the long run inflation is explained by __________. For countries that had hyperinflation this source of inflation arose primarily because the government __________.
Direct Labor
Refers to the wages and other costs for labor directly involved in the production of goods or services.
Indirect Cost
Expenses not directly traceable to a specific product or process, such as utilities for a manufacturing plant.
Direct Cost
Direct costs incurred in the manufacture of certain goods or services, like labor and raw materials.
Raw Materials
The basic materials that are processed and converted into finished goods through manufacturing.
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