WAEC - Economics (2013 - No. 29)
Demand pull inflation can aptly be described as
inflation induced by rising costs of production
reduction in government expenditure
persistent rise in prices due to increase in expenditure
massive importation of goods from a country with hyper inflation
Wyjaśnienie
Demand pull inflation is simply a rise in price as a result of a fall in supply. It is caused by increase in the costs of raw materials or labor that affect the supply of finished goods.