The price for goods and services increases due to excessive demand meeting inadequate...
A general increase in prices that occurs when demand exceeds supply.
If there is an excess level of demand in the economy, this will tend to cause prices to rise. This type of inflation is called demand-pull inflation and is argued by Keynesians to be one of the main causes of inflation. As demand increases from AD1 to AD4 there is increasing inflationary pressure on prices. This is demand-pull inflation - "too much money chasing too few goods."
rising prices caused when total demand exceeds what a country can produce, even at full employment.
inflation caused by an increase in demand or in the supply of money
The inflation resulting from an increase in aggregate demand that exceeds aggregate supply.
inflation whose initial cause is aggregate demand exceeding aggregate supply at the current price level
Price increases as a result of supply not meeting demand.
A term used when an increase in aggregate demand occurs which cannot be offset by a corresponding increase in real supply causing an increase in the price level ( inflation). An inflation that results from an initial increase in aggregate demand. Compare to cost-push inflation.
a rise in prices due to too much spending (demand). In other words it is " too many dollars chasing too few goods."
If there is an excess level of demand in the economy this will, in general, cause prices to rise. Keynesians (economists who follow the John Maynard Keynes school of economic thought) have argued that this is one of the main causes of inflation.
A rise in inflation caused by excessive aggregate demand.
Refers to inflation caused by price increases because the supply of goods is not adequate to meet the demand for those goods.
Demand-pull inflation arises 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".
