What causes demand-pull inflation?
A
Lower production costs - firms reduce prices as productivity improves.
B
Excess aggregate demand - total spending outpaces the economy’s capacity to produce.
C
Reduced consumer confidence - households cut spending on goods and services.
D
Falling aggregate demand - total spending declines below the economy’s capacity to produce.
4.6.4 causes of inflation: cost-push and demand-pull inflation Flashcards
25 flashcards on CIE Intl A Level Economics 4.6.4 causes of inflation: cost-push and demand-pull inflation: the key terms and definitions you need to recall.