A statement that is often used to describe demand-pull inflation is
A)"A rising tide lifts all boats."
B)"Money is easily earned, but not easily saved."
C)"too much money chasing too few goods."
D)"There is no such thing as a free lunch."

Question

Quizplus · Accepted Answer

Demand-pull inflation occurs when the demand for goods and services exceeds their supply, leading to higher prices, which is succinctly described by the phrase "too much money chasing too few goods."

A Statement That Is Often Used to Describe Demand-Pull Inflation