Match the descriptions to the types of inflation.
increase in cost of production
too much money chasing
too few goods
decrease in supply of goods
and services
stiff competition among
consumers
aim of sellers is to maximize
profit

demand pull inflation or cost push inflation

Inflation is when there is a persistent rise in the general price levels. Demand pull inflation occurs when the demand for goods in the market exceeds supply. When demand exceeds supply, prices rise

Cost push inflation occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect .

To learn more about demand pull inflation, please check: https://brainly.com/question/18072639

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Match the descriptions to the types of inflation. increase in cost of production too much money chasing too few goods decrease in supply of goods and services stiff competition among consumers aim of sellers is to maximize profit demand pull inflation or cost push inflation

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What is inflation?

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Match the descriptions to the types of inflation.
increase in cost of production
too much money chasing
too few goods
decrease in supply of goods
and services
stiff competition among
consumers
aim of sellers is to maximize
profit

demand pull inflation or cost push inflation