Question on: JAMB Economics - 2003
Inflation that is usually associated with periods of trade boom is
A
creeping inflation
B
cost-push inflation
C
stagflation
D
demand-pull inflation
Ask EduPadi AI for a detailed answer
Correct Option: D
Demand-pull inflation is the type of inflation that occurs when there is an increase in aggregate demand in the economy. This often happens during periods of economic expansion or trade booms, as increased demand for goods and services puts upward pressure on prices.
Add your answer
Please share this, thanks!
No responses