In Questions with solutions MCQs

1. Which of the following situation occurs when aggregate demand is growing at an unsustainable rate leading to increased pressure on scarce resources and a positive output gap?

A

Cost Pull Inflation

B

Cost Push Inflation

C

Demand Push Inflation

D

Demand pull inflation

In General Economics
Correct Answer : D
Explanation :

Demand pull inflation occurs when aggregate demand and output is growing at an unsustainable rate leading to increased pressure on scarce resources and a positive output gap

Correct Answered :

Wrong Answered :

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