What Is Demand Pull Inflation In Economics?
The rising pressure on prices that accompanies a supply shortage, which economists define as “too many dollars chasing too few things,” is known as demand-pull inflation. With an example, what is demand-pull inflation? Military spending, for example, raises the cost of military equipment. When the government reduces taxes, demand increases. Consumers have more money to […]
What Is Demand Pull Inflation In Economics? Read More »
