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Inflation is primarily caused by which of the following? (2023)

Practice Questions

1 question
Q1
Inflation is primarily caused by which of the following? (2023)
  1. Increased demand
  2. Decreased supply
  3. Higher taxes
  4. Lower interest rates

Questions & Step-by-step Solutions

1 item
Q
Q: Inflation is primarily caused by which of the following? (2023)
Solution: Inflation is primarily caused by increased demand for goods and services, which outstrips supply.
Steps: 0

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