Economics · Indian Economy
Which of the following factor is a major demand-pull cause of inflation in an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An increase in the commercial bank lending rates
- 2An increase in the direct tax rates
- 3An excessive increase in the money supply✓
- 4An increase in the aggregate industrial output
Correct answer
An excessive increase in the money supply
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