The type of inflation that emanates from excess demand overs supply is _______?

by Sunday | Oct 20 | Economics JAMB | 0 comments

A. Galloping inflation
B. Imported inflation
C. Demand-pull inflation
D. Cost-push inflation

Correct Answer:

Option C – Demand-pull inflation

Explanation

Demand-pull inflation arises when aggregate demand in an economy outpaces aggregate supply.

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