Increases in the price level resulting from an exces... - Solved MCQs & Answer

2288AgricultureMedium

Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand?

ANone

BBoth

CDemand pull inflation

DStagflation

Correct answer

C. Demand pull inflation

Explanation

The correct answer is Demand pull inflation.

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