demand-pull inflation
Inflation arising when aggregate demand in an economy outpaces aggregate supplyInflation arising 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.
Meaning
1 senses(uncountable)Inflation arising 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.
More definitions
- inflation caused by an increase in demand or in the supply of money
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable