Demand-pull inflation can be as a result of__________
...Demand-pull inflation can be as a result of__________
Increase in the cost of production
Excessive supply of foodstuff
Deficit financing by the government
Increase in import duties
Correct answer is C
Demand-pull inflation is when there is an increase in aggregate demand, and the supply remains the same or decreases.
Demand-pull inflation can be caused by an expanding economy, increased government spending, or overseas growth.
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