Economics MCQs

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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