Demand-Pull Inflation Is Typically Caused by Rapidly Rising Costs of Production

question 122

True/False

Demand-pull inflation is typically caused by rapidly rising costs of production.

---

Definitions:

Start-Up Companies

New businesses that are in the initial stages of operation, often characterized by innovative products or services and high growth potential.

Growth Increase

An upward trend in the expansion of an economy or business, indicated by rising output, sales, or other success metrics.

Macroeconomics

The branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

National Economy

The economic activities and performance of a specific nation, considering all its stakeholders.