Demand-pull inflation:
A) is a shortage in demand.
B) is a lack of demand for local goods.
C) is an excess in nominal demand across many markets.
D) is an oversupply of imported goods.

Question

Quizplus · Accepted Answer

Demand-pull inflation refers to a situation where there is excess nominal demand for goods and services across many markets. This can lead to an upward pressure on prices as consumers compete to purchase limited supplies.

Demand-Pull Inflation