producers raise prices to meet increased costs
Producers raise prices to meet increased costs.
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.
quantity theory: Theory that too much money in the economy causes inflation.
money supply growth that exceeds real GDP growth
markan theory, inflation and extractive demand theory,
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.
higher wages
higher consumer spending
nothing
quantity theory: Theory that too much money in the economy causes inflation.
money supply growth that exceeds real GDP growth
markan theory, inflation and extractive demand theory,
demand pull 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.
theory of income and employment: theory of general price level and inflation theory of economics macro theory of distribution' theory of international trade
no, Alfred Wegener is the man responsible for this theory.
demand-pull theory (by Solomon Zelman)