Jia Hao Chang

Keynesian Theory On Demand Pull and Cost Push Inflation

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 and contribute to a rise in consumer... (posted by Jia Hao 5 years 171 days ago.)

Types of Inflation - Mild Inflation, Strato-Inflation and Hyper-Inflation

Inflation is associated with rising price. It is a situation in which there is a sustained, inordinate (excessive), and general increase in prices. There is a continuous fall in the value of money as there is too much money chasing after too few goods. The increase in prices must last for a reasonable period of time. If prices go up during this period... (posted by Jia Hao 5 years 177 days ago.)