EXPLAIN THE CAUSES OF DEMAND-PULL INFLATION
Demand-pull inflation refers to a situation in which the overall price level rises due to an increase in aggregate demand. This type of inflation occurs when the demand for goods and services exceeds the available supply, leading to upward pressure…
INFLATION AND DEFLATION
Inflation may be defined as a persistent rise in the general price level of goods and services. Inflation occurs when the volume of purchases is permanently running ahead of production, with too much money in circulation chasing too few goods.…
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