What is demand-pull inflation?
An example of an AI chatbot conversation about demand-pull inflation and its effects on the economy.
What is demand-pull inflation?
Demand-pull inflation occurs when the demand for goods and services exceeds their supply, leading to price increases.
What causes demand-pull inflation?
It can be caused by increased consumer spending, government expenditure, or investment, often during economic growth.
How does it affect the economy?
It can lead to higher prices, reduced purchasing power, and may prompt central banks to raise interest rates to control inflation.
Can you give me an example of demand-pull inflation?
Sure! A holiday season where consumers spend more on gifts can create demand-pull inflation if supply can't keep up.
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