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When inflation in an economy occurs due to an aggregate increase in spending or demand that outpaces aggregate supply, it is classified as which type of inflation?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Cost-Push Inflation
2Demand-Pull Inflation✓
3Structural Inflation
4Hyperinflation

Correct answer

Demand-Pull Inflation

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When inflation in an economy occurs due to an aggregate increase in spending or demand that outpaces aggregate supply, it is classified as which type of inflation?

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When inflation in an economy occurs due to an aggregate increase in spending or demand that outpaces aggregate supply, it is classified as which type of inflation?

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