Economics · Macroeconomics
From a monetivist perspective, which of the following is a primary cause of demand-pull inflation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An excessive expansion in the aggregate money supply✓
- 2A contraction in the aggregate money supply
- 3A decrease in autonomous private investment expenditure
- 4An increase in the central bank's policy interest rate
Correct answer
An excessive expansion in the aggregate money supply
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