Statement I: Demand-Pull Inflation and Cost-Push Inflation Have the Same

question 7

Multiple Choice

Statement I: Demand-pull inflation and cost-push inflation have the same basic causes.
Statement II: Traditionally,inflation has hurt creditors and helped debtors.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

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