Demand-pull inflation is likely to be caused by

Economics

JAMB 2022

A. an increase in the cost of factor inputs
B. increase in the income tax rate
C. increase in bank lending rate
D. increasingly large budget deficit

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Correct Answer: Option D

Explanation

Demand-pull inflation occurs when there is excess demand of goods over supply. Excessive demand is a consequence whereby consumers have money purchasing power to buy goods and services.

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Demand-pull inflation is likely to be caused by

Correct Answer: Option D

Explanation

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