Assertion (a) : Cost push inflation is caused by shift in ag

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M: +2.00/-0.50

Assertion (a) : Cost push inflation is caused by shift in aggregate supply curve.

Reason (R) : Shift in aggregate supply curve takes place because of increase in wages.

R.A.S./R.T.S. (Pre) 2018

[Fiscal Policy, Inflation Planning and Banking]

Both (A) and (R) are true and (R) is the correct explanation of (A).

Both (A) and (R) are true, but (R) is not the correct explanation of (A).

(A) is true, but (R) is false.

(A) is false, but (R) is true.

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