A statement that is often used to describe demand-pull inﬂation is
A) "A rising tide lifts all boats."
B) "Money is easily earned, but not easily saved."
C) "too much money chasing too few goods."
D) "There is no such thing as a free lunch."

Question

Quizplus · Accepted Answer

"Too much money chasing too few goods" is a commonly used statement to describe demand-pull inflation. This means that when there is a high demand for goods and services but a limited supply, prices increase as people are willing to pay more to get what they want.

A Statement That Is Often Used to Describe Demand-Pull Inﬂation