Explain the statement "Too much money chasing too few goods"
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Explanation:
Demand pull inflation is when the aggregate demand in the economy rises more than the aggregate supply. This means that the goods and services produced are lesser than the demand for them. This is commonly described as "too much money chasing too few goods."
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Demand pull inflation is when the aggregate demand in the economy rises more than the aggregate supply. This means that the goods and services produced are lesser than the demand for them. This is commonly described as "too much money chasing too few goods."
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