Research Results For 'Demand-pull Inflation'

DEMAND-PULL INFLATION

In economics, demand-pull inflation is a rise in prices caused by an excess of demand over supply in the economy as a whole. When the labour force and all resources are fully employed extra demand will only disappear as a result of rising prices. Popular in the 1960s and 1970s as a 'Keynesian theory' of inflation, the demand-pull theory appeared to be supported by the Phillips curve. This turned out not to be the case, however, and alternative, particularly monetarist, theories of inflation have since dominated.
Research Demand-pull Inflation

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