Demand-Pull Inflation
Inflation from high demand exceeding supply ("too much money chasing too few goods").
Real World
During the post-pandemic boom of 2021–22, strong government stimulus payments in the US fuelled excess demand, pushing inflation to 9%, forcing McDonald's and Starbucks to raise menu prices repeatedly.
Exam Focus
Use the phrase 'too much money chasing too few goods' only as a starting point — always develop the consequence for a specific business or sector.
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