A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as:

A ) Demand-pull inflation ✅

B ) Cost-push inflation

C ) Stagflation

D ) Structural inflation

Related Questions
  1. Debenture is a
  2. Which condition,found in a developing country,might contribute to its debt problem?
  3. The situation with increasing unemployment and inflation is termed as:
  4. What describes a regressive tax?
  5. Which of the following accounts for Cost-push Inflation?
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