HarriettDiener720
Answered

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According to the demand-pull theory of inflation, what is responsible for inflation?

Sagot :

Gibbs
The demand-pull theory of inflation asserts that inflation is caused by aggregate demand is outpacing aggregate supply and price levels are pushed up by this. This is described by the phrase "too much money spent on too few goods." 

Demand for goods and services exceeds existing supply .

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