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m WP:CHECKWIKI error fix for #61. Punctuation goes before References. Do general fixes if a problem exists. - using AWB (9421) |
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[[Image:Push-pull-inflation.jpg|300px|thumb|right|Aggregate Demand increasing faster than production.]]
'''Demand-pull inflation''' is asserted to arise when [[aggregate demand]] in an economy outpaces [[aggregate supply]]. It involves [[inflation]] rising as real [[gross domestic product]] rises and [[unemployment]] falls, as the economy moves along the [[Phillips curve]]. This is commonly described as "''too much money chasing too few [[Good (economics)|goods]]''".<ref>Barth, J. R. & Bennett, J. T. (1975). Cost-push versus Demand-pull Inflation: Some Empirical Evidence. Journal of money, credit & banking (Ohio State University Press),7(3), 391.</ref>
The term demand-pull inflation is mostly associated with [[Keynesian economics]].
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