HSC Together Year 12 Economics: Causes of Inflation: Demand, Cost, Imported and Inflationary expectations

Economics

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Causes of Inflation: Demand, Cost, Imported and Inflationary expectations

Inflation is defined as sustained increase in the general price level in the economy over a period of time. Inflation has four primary causes:

  • Demand-pull inflation
  • Cost-push inflation
  • Imported inflation
  • Inflationary expectations

Watch the video to learn more about the causes of inflation in HSC Economics:

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