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List three types of Inflation.
Economics
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QUESTION 6
Three types of inflation are:
- Demand-pull inflation
- Cost-push inflation
- Imported inflation
QUESTION 7
Imported inflation is caused when the prices of goods and services purchased from other countries increase, or when a country's currency depreciates, making foreign goods more expensive. These higher costs for imported raw materials, intermediate goods, or finished products are then passed on to domestic consumers, leading to a general rise in the overall price level within the importing country.
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