Definitions from the Web
Demand-Pull Inflation
Description:
Demand-pull inflation refers to a situation in which an increase in the aggregate demand for goods and services leads to a sustained rise in the general price level. This type of inflation occurs when the total demand for goods and services exceeds the economy's productive capacity, creating pressure on prices to rise.
Sample Sentences:
- The strong consumer demand in the market resulted in demand-pull inflation, causing prices to significantly rise.
- A surge in government spending and a decrease in unemployment contributed to the onset of demand-pull inflation.
- The housing market boom led to increased construction and subsequently, demand-pull inflation within the real estate sector.
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