Inflation Flashcards by j l | Brainscape

Q

Types of inflation

A

demand-pull inflation
cost-push inflation

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Q

Demand-pull inflation

A

persistent rise in AD
at or nearing full employment of resources
increase in AD due to changes in real factors or monetary factors

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Q

Rising AD (Real factors)

A

C,I,G,(X-M) increase
near to full Nt
harder for firms to increase output due to shortage
excess dd bid up px of real output
rise in GPL

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