A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- If the demand for goods and services is more than their supply, then the resultant inflation is
- ___________________ happens after the levels in water bodies increase dangerously after excessive rainfall.
- A manufacturer of a consumer product keeps the price of a new product substantially high and over a time pe...
- The rights which are available against persons generally is termed as
- The term given to rhythmic waves of contraction passing backwards over the gut wall resulting in the pushin...
- Which of the following is not a method to achieve desirable level of price?
- The increase in late night study time will result in exhaustion and decreasing the grades of the student. E...
- Which of the following substances neutralise excess acid in the stomach and raise the pH to an appropriate ...