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True or False. The expression, "too much money chasing too few goods" best describes the phenomenon...

True or False. The expression, "too much money chasing too few goods" best describes the phenomenon of demand-pull inflation rather than cost-push inflation.
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Answer #1

True

The demand pull inflation is because of more demand for a product and the cost-push inflation is because of increase in cost, the too much money means to much demand, not the too much cost because the too much money is higher in the sense of demand-pull inflation so the expression is best described by demand-pull inflation. the too much demand increases inflation and the too much money in the hand of the public is chasing too few goods because of that the inflation occurs.

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