Provide the names of the two types of inflation (in alphabetical order) and describe what causes the prices to rise.
a. Cost-push inflation: caused by increases in production costs; Demand-pull inflation: caused by an increase in demand.
b. Demand-pull inflation: caused by decreases in demand; Cost-push inflation: caused by decreases in production costs.
c. Cost-push inflation: caused by decreases in production costs; Demand-pull inflation: caused by an increase in demand.
d. Demand-pull inflation: caused by an increase in production costs; Cost-push inflation: caused by a decrease in demand.