Question

write short notes on demand pull and cost _push inflation​

Answer 1

Answer:

Demand Pull Inflation.

It 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 goods".

Cost Push inflation.

It is a type of inflation caused by substantial increases in the cost of important good or services where no suitable alternative is available . Higher prices are then the results , as cost of production increases due to a decreased aggregate supplies . it stands in contrast to pull inflation.

Explanation:

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