Cost-Push Inflation

Watch these videos on how inflation occurs in the economy. They discuss the specific cases of cost-push inflation and demand-pull inflation. Note which of the two curves – aggregate demand or aggregate supply – causes the inflation problem in each case. The second video discusses a specific case from our history – the demand-pull inflation in the United States during the Lyndon Johnson administration (1963–1969).

 


Demand-Pull Inflation


 

Source: Khan Academy, https://youtu.be/3A-nAw2tY_4, https://www.youtube.com/watch?v=HdqbCvqTb20
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Last modified: Tuesday, September 19, 2023, 3:09 PM