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

By: |Published on: Oct 20|Categories: 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.

Users Also Read These:

SEE ALSO  Demand patterns are determined by the market on the basis of

Copyright warnings! Do not copy.