Which of the followings are correct in the context of inflation?
(A) Higher aggregate demand may lead to demand-pull inflation.
(B) Higher cost of production may lead to cost-push inflation.
(C) Higher international food and fuel prices may lead to inflation.
(D) Higher indirect taxes and lower subsidy may lead to inflation.
Choose the correct answer from the options given below:
1
(A), (B) and (D) only.
2
(A), (B) and (C) only.
3
(A), (B), (C) and (D).
4
(B), (C) and (D) only.
5
Question Not Attempted