Synonyms for doze at Thesaurus.com with free online thesaurus, antonyms, and definitions. Dictionary and Word of the Day.
DEFINITION of 'Demand-Pull Inflation'. A term used in Keynesian economics to describe the scenario that occurs when price levels rise because of an imbalance in the aggregate supply and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices increase. Economists will often say that demand-pull inflation is a result of too many dollars chasing too few goods.
The opposite of cost-push inflation, where increased production costs drive the price of a particular good or service up, is demand-pull inflation. Demand-pull inflation includes times when an increase in demand is experienced and production cannot be increased to meet the changing need.