Demand-Pull Inflation Is the Result of Excessive Pressure on the Demand

question 96

True/False

Demand-pull inflation is the result of excessive pressure on the demand side of the economy.
When there is too much demand relative to supply in the overall economy,there will be demand-pull inflation.

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Definitions:

Input

refers to the resources, materials, or labor used in the production of goods and services.

Units

Basic quantities or measurements used to express variables in various contexts, such as items, people, or currency.

Labor Demand Curve

A graphical representation showing the quantity of labor that firms are willing and able to hire at different wage levels, typically downward sloping.

Imperfectly Competitive

A market structure where individual sellers have some control over the market price due to product differentiation or other factors.