Demand-pull v Cost-push Inflation and Monopoly & Oligopoly Q3

Q.
a) Explain the following causes of inflation.

i. Demand-pull inflation. (5 marks)
ii. Cost-push inflation. (5 marks)

b) Explain the following terms in the context of market structure.

i. Monopoly. (5 marks)
ii. Oligopoly. (5 marks)

(20 marks, 2019 Q3)

A.

a) Similar questions were asked in

• 2018 Q3b
• 2015 Q3
• 2017 Q6

b) Similar questions were asked in

2012 Q4

Ref:
Earlier posts.