Demand-pull inflation is due to excessive spending on goods and services.

Name: Demand-pull inflation is due to excessive spending on goods and services.
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Question

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Demand-pull inflation occurs when there is too much demand for goods and services, which causes prices to rise due to the limited supply. This can happen when people have more money to spend, there is an increase in government spending, or there is an increase in exports.

Demand-Pull Inflation Is Due to Excessive Spending on Goods and Services