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elena55 [62]
3 years ago
7

When total demand outpaces actual output in the economy, the economy usually enters?

Business
1 answer:
alexandr402 [8]3 years ago
8 0
The economy usually enters into DEMAND PULL INFLATION. This situation is usually describes as too much money chasing too few goods. Demand pull inflation is characterized by increase in the prices of goods and services, increase in real gross domestic product and decrease in unemployment. 
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