Will the following lead to cost-push or demand-pull inflation? (5%) (a) The discovery of a large and rich vein of gold in the banks of Lagan (b) More militancy in wage demands by trades unions (c) A fall in output as a result of a prolonged lockdown of business while the government pays for salaries of furloughed workers (d) A higher tax on microchips (e) Increasing industrial concentration leading to oligopolistic industrial structures

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Will the following lead to cost-push or demand-pull inflation? (5%)
(a) The discovery of a large and rich vein of gold in the banks of Lagan
(b) More militancy in wage demands by trades unions
(c) A fall in output as a result of a prolonged lockdown of business while the government pays for salaries of furloughed workers
(d) A higher tax on microchips
(e) Increasing industrial concentration leading to oligopolistic industrial structures

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