What are the two major types of medical price inflation?

Question

Quizplus · Accepted Answer

The two major types of medical price inflation are demand-pull and cost-push. Demand-pull inflation occurs when there is an increase in demand for medical services, either due to a growing population or increased utilization of health services, which drives up prices. Cost-push inflation occurs when there is an increase in the cost of production, such as the rising cost of medical supplies or salaries for medical professionals, which also results in higher prices for medical services. Therefore, option D, demand-pull and cost-push, is the correct choice.

What Are the Two Major Types of Medical Price Inflation