Inflation results when:

Name: Inflation results when:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation occurs when demand exceeds supply, leading to an increase in prices. As demand for goods and services rises, producers are able to increase their prices, resulting in a decrease in the value of money. This can lead to a decrease in purchasing power, as consumers are forced to pay more for the same goods and services. However, inflation may also be caused by other factors, such as changes in government policies or supply shocks.

Inflation Results When