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Demand-pull inflation is a period of inflation which arises from rapid growth in aggregate demand. Demand-pull inflation means: ü Excess demand and ‘too much money chasing too few goods.’ ü The economy is at full employment/full capacity. ü The economy will be growing at a rate faster than the long-run trend rate. ü A falling unemployment rate. If a government reduces taxes, households are left with more disposable income in their pockets. This, in turn, leads to increased consumer spending, thus increasing aggregate demand and eventually causing demand-pull inflation. Technological innovation also gives rise to demand in the market for a few goods which eventually carries demand pull inflation in an economy.
PACS deals directly with the rural (agricultural) borrowers, give those loans and collect repayments of loans. What does PAC stand for?
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
Which Article of the Constitution of India grants power to the President to appoint Judges of the Supreme Court?
Which scheme replaced the MPLADS fund temporarily during COVID-19?
Who is the CEO of IBM?
Identify the correct statement.
Which state government launched a self-reliant farmer integrated development scheme in 2021?
Bharatanatyam and Kuchipudi dancer Yamini Krishnamurthy was awarded which of the following awards in 2016?