Demand-Pull Inflation May Be Defined as an Excessive Demand for Goods

question 77

True/False

Demand-pull inflation may be defined as an excessive demand for goods and services during periods of economic expansion as a result of large increases in the money supply.

---

Definitions:

Professional Background

Refers to one's work experience, skills, and occupational history in a professional setting.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed down from past generations, including traditions, languages, practices, and objects.

Distinct Differences

Clear and distinguishable variations or dissimilarities between entities or phenomena.

Obsessive-Compulsive Disorder

A mental health disorder characterized by unwanted repeated thoughts (obsessions) and/or actions (compulsions).