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higher consumer spending
What else can I help you with?
According to the cost-push theory, inflation is caused by:?
higher wages
According to the quantity theory of money persistent inflation can only be caused by?
money supply growth that exceeds real GDP growth
According to the demand-pull theory of inflation what is responsible for inflation?
producers raise prices to meet increased costs
What is the responsible for inflation according to the demand-pull theory?
According demand-pull theory, what causes inflation is a strong demand and a lower supply. By having a greater demand, people pull prices up. Economists will often say that demand-pull inflation is a result of too many dollars chasing too few goods.
What is the theory of inflation and how is it used?
nothing
The idea that too much money in the economy causes inflation?
quantity theory: Theory that too much money in the economy causes inflation.
What are the full employment policies?
markan theory, inflation and extractive demand theory,
Which theory says that inflation occurs when the demand for goods exceeds the existing supply?
demand pull theory
What was a problem with the Big Bang theory?
Several problems that were found with the Big Bang theory were solved by cosmic inflation. I suggest you read about cosmic inflation. One of these problems was the fact that the Universe is fairly homogeneous. Without inflation, it wouldn't have had time to "spread out" any irregularities.
Scope of micro and macro economics?
theory of income and employment: theory of general price level and inflation theory of economics macro theory of distribution' theory of international trade
What theory says that inflation occurs when the demand for goods exceeds the existing supply?
demand-pull theory (by Solomon Zelman)
What has the author Thomas M Humphrey written?
Thomas M. Humphrey has written: 'Money, banking, and inflation' -- subject(s): Money, Monetary policy, Inflation (Finance), Banks and banking 'Essays on inflation' -- subject(s): Inflation (Finance), Addresses, essays, lectures 'Alfred Marshall and the quantity theory of money' -- subject(s): Quantity theory of money
