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Consider the following statements: 1. Increase in consumption expenditure resulting from increased disposable income can cause demand-pull inflation 2. Increase in the cost of production resulting from increase in wage rate can cause cost-push inflation Which of the statement(s) given above is/are correct?
Correct Answer: (c)
Official keyThis question appeared in the GPSC Prelims 2025 examination (GS). It is Question 71 out of 200 questions in this paper.
This question was part of the GPSC Prelims 2025 (GS). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.