Which Type of Inflation Is Occurring When the Demand for Goods

question 63

Multiple Choice

Which type of inflation is occurring when the demand for goods and services is greater than the supply?

• A) demand-push
• B) cost-push
• C) demand-pull
• D) supply-side

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Definitions:

Triadic Reciprocal Model

A theory that proposes human behavior is the result of interactions among personal factors, environmental influences, and the behavior itself.

Reciprocally Related

A mutual relationship or connection between two or more things where each has an effect upon or relates to the other.

Cognitive Processes

The mental actions or processes of acquiring knowledge and understanding through thought, experience, and the senses.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.