In each of the following cases, state the type of inflation described
a)A rise in prices due to an increase in money supply
b)A rise in prices due to an increase in the prices of factors of production
c)A rise in price due to buying expensive goods from foreign countries
d)A rise from decision by firms to increase their profit margins by increasing prices of their products.

Answer:

a)A rise in prices due to an increase in money supply
-Demand pull inflation
b)A rise in prices due to an increase in the prices of factors of production
-Cost push inflation
c)A rise in price due to buying expensive goods from foreign countries
-Imported inflation
d)A rise from decision by firms to increase their profit margins by increasing prices of their products.
-Profiteering oriented inflation

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