Inflation is generally the result of total spending growing faster than total production.

Name: Inflation is generally the result of total spending growing faster than total production.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inflation occurs when the demand for goods and services exceeds the supply of goods and services, leading to an increase in prices. This usually happens when total spending in an economy grows faster than the total production of goods and services in the economy. Therefore, the statement is true.

Inflation Is Generally the Result of Total Spending Growing Faster