(Read More about Mims) Melbourne is home to the 3000-student Florida Institute of Technology. This city complex is only 30 miles due east of Orlando, giving access to bigger city amenities but also staying away from the bustle of that city. As a result, the area has grown rapidly.
Demand Pull and Cost Push inflation with examples. Demand-pull inflation happens when aggregate demand (AD) increases in an economy and intersects the short run aggregate supply curve (SRAS) to the right of where SRAS and long run aggregate supply (LRAS) cross.
What is 'Cost-Push Inflation'. Cost-push inflation is a phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials. Cost-push inflation develops because the higher costs of production factors decreases in aggregate supply (the amount of total production) in the economy.