Excessive Government Spending Can Cause Demand-Pull Inflation

question 171

True/False

Excessive government spending can cause demand-pull inflation.

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Definitions:

Opportunity Cost

Forgoing possible benefits from other options by selecting a particular one.

Straight Lines

Lines in a geometric space that have the same direction throughout and no curvature.

Foreign Trade

The exchange of goods and services between countries.

Economic Output

The total value of all goods and services produced by an economy over a specified period of time.