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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.
Question: 1.Cost push inflation occurs because the AS curve ... 1.Cost push inflation occurs because the AS curve has shifted rightward. 2.Inflation may fall without a significant increase in unemployment if. a.hysteresis is occurring. b.we base expectations only on what's happened in the past. c.the natural rate hypothesis holds true.