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.
Cost-push inflation occurs when demand is inelastic. Demand is inelastic when there is a high demand for the good or service even if the price goes up. For example, inelastic demand occurs with gasoline. People can't easily buy less gas no matter how high the price goes.