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GrogVix [38]
3 years ago
10

According to the demand-pull theory of inflation, what is responsible for inflation?

History
2 answers:
zlopas [31]3 years ago
6 0
The demand-pull theory of inflation asserts that inflation is caused by aggregate demand is outpacing aggregate supply and price levels are pushed up by this. This is described by the phrase "too much money spent on too few goods." 
tatyana61 [14]3 years ago
6 0

Demand for goods and services exceeds existing supply .

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