Answered: Which one is correct out of the 3?…

Which one is correct out of the 3? Cost-push inflation can occur when there is an appreciation of the pound VAT rates fall Oil prices rise on international markets

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 19RQ: Identity several parties likely to he helped and hurt by inflation.

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Question

Which one is correct out of the 3?

Cost-push inflation can occur when

there is an appreciation of the pound

VAT rates fall
Oil prices rise on international markets

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