The early 1990s were the last period of substantial demand-pull inflation in the U.S.

Question

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The early 1990s in the U.S. were characterized by relatively low inflation rates, following the high inflation of the 1970s and early 1980s, which was more effectively curbed by monetary policy adjustments in the mid to late 1980s. Demand-pull inflation is more typically associated with the earlier periods when economic policies led to high demand exceeding supply, driving prices up.

The Early 1990s Were the Last Period of Substantial Demand-Pull