BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demand pull inflation can be caused by money factors including____
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a fall in the consumption expenditure
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a sharp increase in the unemployment
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a steep reduction in the direct taxation
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an increase in the income tax
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Explanation:
Detailed explanation-1: -Demand-pull inflation is a type of inflation that occurs when there is an increase in demand for goods and services. This type of inflation is typically caused by overall economic growth, technological innovations, or a rising inflation rate.
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