Question : _______________ causes the general price level to rise (also known as inflation) in the economy.
Option 1: Excess demand
Option 2: Deficient demand
Option 3: Excess supply
Option 4: Deficient supply
Answer (1)
17th Jan, 2024
Correct Answer:
Excess demand
Solution : Excess demand causes the general price level to rise (also known as inflation) in the economy.
Hence, Option A is correct.
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