What are the causes of inflation, Microeconomics

Assignment Help:

What are the causes of inflation?

Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons:

1) Demand-pull inflation;

2) Cost-push inflation and;

3) Demand-pull inflation caused by excess money supply.

 


Related Discussions:- What are the causes of inflation

Determine the amount of composite commodities, a)  Joan's utility function ...

a)  Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20

The demand for big mac, illustration for demand of big macs using indiffere...

illustration for demand of big macs using indifference curve and budget line

Mathematical representation-inflation unemployment trade-off, Mathematical ...

Mathematical representation - Inflation Unemployment Trade-off : Suppose that firms correctly perceive the state of demand in the economy and the rate of price inflation. The

Measure the economic growth, (i) How do we measure economic growth and why ...

(i) How do we measure economic growth and why do we need economic growth? (ii) What can governments do to stimulate economic growth and create jobs? (provide some current exampl

Working with supply and demand , When you drop by the only coffee shop in y...

When you drop by the only coffee shop in your neighbourhood, you notice that the price of a cup of coffee has enhanced  considerably since last week.  You decide it's not a big dea

Public good , Graphically illustrate how society decides on the number of p...

Graphically illustrate how society decides on the number of police officers to hire

Production vs cost - resource flow, With current technology, suppose a firm...

With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of

Chapter four, what is the relation ship between mp,tp,ap

what is the relation ship between mp,tp,ap

Consumption theory, brief explain of keynesian consumption theory

brief explain of keynesian consumption theory

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd