Hi. Does anyone know an example of demand-pull inflation which occured in AUstralia? Thanx :apig:
porkchopz zeeeeeee Joined Nov 22, 2003 Messages 45 Gender Female HSC 2004 May 25, 2004 #1 Hi. Does anyone know an example of demand-pull inflation which occured in AUstralia? Thanx :apig:
i-color Member Joined Jan 2, 2004 Messages 210 May 26, 2004 #2 one major example is the housing bubble just recently. Rapid increase in demand for houses --> demand curve shifting right --> more people chasing same supply of houses in short term --> demand pull inflation
one major example is the housing bubble just recently. Rapid increase in demand for houses --> demand curve shifting right --> more people chasing same supply of houses in short term --> demand pull inflation
