Practice Quiz

FSOT: 500 Test Prep Study Questions

Category - Economics

Start a Study Session Sign up for Question of the Day
Demand pull inflation refers to a situation in which:
  1. Output greatly exceeds the aggregate demand
  2. Market supply and demand are very close to equilibrium
  3. Output can not keep up with aggregate demand
  4. Supply exceeds market demand
Explanation
Answer: C - Output can not keep up with aggregate demand.
Previous Next
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz