Demand-pull inflation scenarios took place in the
A) 1930s for the United States and from 1985 to 1995 for Japan.
B) 1960s for the United States and from 1985 to 1995 for Japan.
C) 1930s for both the United States and Japan.
D) 1960s for both the United States and Japan.

Question

Quizplus · Accepted Answer

In the United States, demand-pull inflation occurred in the 1960s, due in part to increased government spending on the Vietnam War and social programs. In Japan, a demand-pull inflation scenario occurred from 1985 to 1995, fueled by an asset bubble and high levels of investment.

Demand-Pull Inflation Scenarios Took Place in the