Question

when too much money chases too few goods the resulting inflation is called ​

Answer 1

Answer:

"Demand-pull inflation" is the upward pressure on prices that follows a shortage in supply. Economists describe it as "too much money 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.

Explanation:

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Answer 2

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." Demand-pull inflation is a tenet of Keynesian economics that describes the effects of an imbalance in aggregate supply and demand.