WAEC - Economics (2021 - No. 36)
Demand-pull inflation can be as a result of___________
increase in the cost of production.
excessive supply of foodstuff
deficit financing by the government.
increase in import duties.
Explication
Demand-pull inflation is when there is an increase in aggregate demand, and the supply remains the same or decreases.
Demand-pull inflation can be caused by an expanding economy, increased government spending, or overseas growth.