Changes in economic activities that are expressed in price fluctuations are attributed to inflation. All of the following are types of inflation EXCEPT:
A)built-in
B)opportunity-pull
C)demand-pull
D)cost-push

Question

Quizplus · Accepted Answer

Opportunity-pull is not a type of inflation.
Key Takeaway: According to the Triangle Model, there are three types of inflation: built-in, demand-pull, and cost-push. Increased individual and governments' spending leads to demand-pull inflation while an overall reduction in materials and goods' supplies leads to cost-push inflation. Built-in inflation is caused by workers increasing their wages with prices that are passed on to the consumers by producers.

Changes in Economic Activities That Are Expressed in Price Fluctuations