6 Things To Know About Inflation
By Jake and Adriana
#1. What is Inflation?
#2. Causes of Inflation.
3 main causes of inflation: Demand and Pull Inflation , Cost Push Inflation, and Expansion of Money supply.
Demand and pull- the most common and when demand for a good or service increases so much that it outstrips the supply.
Cost Push- A shortage of supply combined with enough demand to allow the produce to continue to raise prices.
Expansion of Money supply: An over expansion of money supply. The prices of everything increase while the supply and demand stay the same