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 This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Monday, May 13, 2024, 4:04 PM