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SingaporeEconomicsQuick questions
Inflation, Unemployment and Economic Growth
Quick questions on Inflation causes and consequences explained: H2 Economics
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is cost-push inflation?Show answer
Causes include wage rises above productivity, higher raw material or energy prices, a depreciation that raises import costs, and higher indirect taxes.
What is consequences of inflation?Show answer
High or accelerating inflation is costly:
What is q1?Show answer
Define cost-push inflation. [2 marks]
What is q2?Show answer
Explain why low and stable inflation is not considered harmful. [3 marks]
What is q3?Show answer
Explain why cost-push inflation is harder to tackle than demand-pull. [2 marks]
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