A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2013 · Q251 Mark

What would increase both demand-pull and cost-push inflation?

Aan appreciation of a country's currency

Ban increase in the cost of borrowing

Can increase in the level of its import tariffs

Dan increase in the price of oil

✓ Correct answer

C: an increase in the level of its import tariffs

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2013 Paper 1 Variant 2, question 25.

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