Too much spending chasing too few goods best describes:

Name: Too much spending chasing too few goods best describes:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The phrase "too much spending chasing too few goods" is often used to describe demand-pull inflation, which occurs when there is excess demand in the economy for goods and services but not enough supply to meet that demand. This excess demand leads to an increase in the price of goods and services as buyers compete for limited quantities.

Too Much Spending Chasing Too Few Goods Best Describes