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Question

Inflation created by the pressure of excess demand in the market is called


A

Hyperinflation

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B

Creeping inflation

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C

Cost-push inflation

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D

Demand-pull inflation

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Solution

The correct option is D

Demand-pull inflation


Inflation created by the pressure of excess demand in the market is called demand-pull inflation because the price of a good in the competitive market is determined by the equality of demand and supply.


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