Mes: enero 2019

Keynesian Theory On Demand Pull And Cost Push Inflation

[ad_1] According to Keynesian, inflation can be caused by increase in demand and/or increase in cost. Demand-pull inflation is a situation where aggregate demand persistently exceeds aggregate supply when the economy is near or at full employment. Aggregate demand could rise because of several reasons. A cut in personal income tax would increase disposable income …

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