Economic Indicators Revision Notes, Past Papers & Questions for Junior Cycle Business Studies

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Junior Cycle Business Studies Economic Indicators Past Papers & Study

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Revision Question

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85% of students got this correct.

What is a cause of cost-push inflation?

Decrease in consumer demand for goods and services

Reduction in indirect taxes like VAT

Increase in the cost of wages or raw materials

Deflation in the economy due to technological advancements

Decrease in the cost of imported raw materials

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Junior Cycle Business Studies Economic Indicators Revision Notes

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