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Simple English definitions for legal terms

demand-pull inflation

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A quick definition of demand-pull inflation:

Demand-pull inflation is when there is too much demand for goods and services, but not enough supply to meet that demand. This causes prices to go up because people are willing to pay more for what they want. It's like when everyone wants the same toy, but there aren't enough toys to go around, so the price goes up. This is different from cost-push inflation, which happens when it costs more to make things, so the prices go up to cover those costs.

A more thorough explanation:

Definition: Demand-pull inflation is a type of inflation that occurs when there is an excess of demand over supply, leading to a general increase in prices and a fall in the real value of money.

Example: A popular toy becomes the must-have item of the holiday season. As demand for the toy increases, the manufacturer raises the price to maximize profits. However, the demand continues to exceed the supply, causing retailers to raise the price even further. This leads to an increase in the price of the toy, as well as other related products, causing demand-pull inflation.

Explanation: In the example, the excess demand for the toy causes the price to increase. As a result, consumers may have to pay more for the toy than they would have otherwise. This increase in price can lead to a general increase in prices for related products, such as other popular toys or holiday decorations. This is an example of demand-pull inflation because the increase in demand for the toy caused an increase in prices for related products.

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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