Economy, asked by Babuluvictory5534, 9 months ago

What does" too many dollars chasin too few goods" mean?

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Answered by rajrajbans
0

Answer:

Demand-pull inflation is the upward pressure on prices that follows a shortage in supply. Economists describe it as "too many dollars chasing too few goods." ... When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation

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