Economics · Inflation
Demand-pull inflation is a situation primarily characterized by which of the following?
- 1A persistent fall in wages
- 2A rise in aggregate price levels due to excess demand✓
- 3No change in the aggregate price level
- 4A fall in aggregate price levels due to surplus supply
Correct answer
A rise in aggregate price levels due to excess demand
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Inflation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Inflation