The type of inflation that emanates from excess demand overs supply is___________?
ECONOMICS
JAMB 2016
The type of inflation that emanates from excess demand overs supply is___________?
- A. Galloping inflation
- B. Imported inflation
- C. Demand-pull inflation
- D. Cost-push inflation
Correct Answer: C. Demand-pull inflation
Explanation
Demand-pull inflation arises when aggregate demand in an economy outpaces aggregate supply.
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