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Cost push inflation takes place due to?

Cost push inflation takes place due to?
  • A.
    the rapid increase in the demand for goods
  • B.
    an increase in productivity of the factors of production
  • C.
    a rise in the cost of production
  • D.
    a rise in the standard of living
  • E.
    the low wage rate of the workers
Correct Answer: Option C
Explanation