Demand-pull inflation results when there is

Demand-pull inflation results when there is
  • A.
    inadequate improvement in the wage rate of workers
  • B.
    execessive demand due to high purchasing power
  • C.
    excessive supply of raw materials for production
  • D.
    rise in productivity of the factors of production
  • E.
    excessive rise in the standard of living
Correct Answer: Option B
Explanation
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