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The type of inflation that emanates from excess demand overs supply is___________?

Economics
JAMB 2016

The type of inflation that emanates from excess demand overs supply is___________?

  • A. Galloping inflation
  • B. Imported inflation
  • C. Demand-pull inflation
  • D. Cost-push inflation
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Correct Answer: Option C
Explanation

Demand-pull inflation  arises when aggregate demand in an economy outpaces aggregate supply.

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