BREAKING DOWN 'Demand-Pull Inflation' In Keynesian theory, an increase in employment leads to an increase in aggregatedemand. ... The more people firms hire, the more employment increases. Eventually, output by firms becomes so small that the prices of their goods rise.
Answers & Comments
www.intelligenteconomist.com
BREAKING DOWN 'Demand-Pull Inflation' In Keynesian theory, an increase in employment leads to an increase in aggregatedemand. ... The more people firms hire, the more employment increases. Eventually, output by firms becomes so small that the prices of their goods rise.