Demand-pull inflation and cost-push inflation both lead to a higher price level and lower output.

Name: Demand-pull inflation and cost-push inflation both lead to a higher price level and lower output.
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Demand-pull inflation leads to a higher price level, but it is typically associated with higher output due to increased demand. Cost-push inflation leads to a higher price level and can reduce output because the increased costs for producers make production less profitable.

Demand-Pull Inflation and Cost-Push Inflation Both Lead to a Higher