Demand-pull inflation can be as a result of__________
...Demand-pull inflation can be as a result of__________
Increase in the cost of production
Excessive supply of foodstuff
Deficit financing by the government
Increase in import duties
Correct answer is C
Demand-pull inflation is when there is an increase in aggregate demand, and the supply remains the same or decreases.
Demand-pull inflation can be caused by an expanding economy, increased government spending, or overseas growth.
\(\begin{array}{c|c} \text{Units of Quantity consumed} & \text{Total utility} & \text{Margi...
In a sole proprietorship decisions are made by the ...
The diagram above shows the effect of ...
Division of labour is limited by ...
The greatest foreign exchange earner for Nigeria before the advent of petroleum was ...