Distinguish Between Demand-Pull Inflation and Cost-Push Inflation

question 122

Essay

Distinguish between demand-pull inflation and cost-push inflation. Give an example of each.

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Definitions:

Testosterone

A steroid hormone that stimulates development of male secondary sexual characteristics, produced mainly in the testes.

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production in mammals after childbirth.

Dopamine

A neurotransmitter in the brain that plays a key role in controlling the brain's reward and pleasure centers as well as regulating movement and emotional responses.

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, regulating mood, appetite, and sleep.