The phrase 'too much money chasing too few goods' describes which type of inflation?

Question

Quizplus · Accepted Answer

The phrase 'too much money chasing too few goods' is characteristic of Demand-pull inflation, which occurs when demand for goods and services outstrips supply, leading to an increase in the price level. This is typically the result of an increase in money supply, which causes consumers to have more disposable income and hence demand more goods and services.

The Phrase 'Too Much Money Chasing Too Few Goods' Describes