Demand pull inflation can aptly be described as
...Demand pull inflation can aptly be described as
Inflation induced by rising costs of production
Reduction in government expenditure
Persistent rise in prices due to increase in expenditure
Massive importation of goods from a country with hyper inflation
Correct answer is C
Demand pull inflation is simply a rise in price as a result of a fall in supply. It is caused by increase in the costs of raw materials or labor that affect the supply of finished goods.
Consumers allocate their resources based on the ______? ...
A market equilibrium exist when ...
The demand for factors of production is said to be ...
The primary reason for desiring economic growth is to ...
Liquidation of limited liability company implies that the ...
The indices used to measure the cost of living is ...
A country is economically rich if ...
The demand curve for a normal good will shift to the left if ...
The benefits that result from concentrating similar firms in an area is referred to as ...
Which of the following can be regarded as a liability of a commercial bank? ...