The act of driving out or expelling
The demand cost-push inflation is different from cost-push inflation because the demand-pull inflation arises when the prices of goods and services increase due to increase in demand while the cost-push inflation arises when the prices of goods and services increase due to an increase in production costs.
Further Explanation:
Demand-pull Inflation: This type of inflation arises due to increase in demand increasing and goods.As the demand and prices are inversely proportional. The increased demand puts pressure on the prices which leads to an increase in prices of services and goods. The monetary measures like high-interest rates and fiscal policy that involves low government expenditure and high taxes are used to curb demand-pull inflation.
Cost-push inflation: This type of inflation arises due to an increase in the production cost of services and goods. The producer raises the price of services and goods because the cost of production can rise. They transfer the high production cost to the consumer. The cost production includes labor cost and material cost.high-interest deflationary fiscal policy and monetary policy that involves high rates and reduces consumer spending are used by the government to curb inflation.
Learn more:
1. Learn more about inflation
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2. Learn more about Cost-push rate
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3.Learn more about the inflation rate and economy
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Answer details:
Grade: Middle School
Subject: Economics
Chapter: Inflation
Keywords: Difference between demand-pull inflation and cost-push inflation
, economics.
In his eulogy for George Washington, Henry Lee said he was, “First in war, first in peace, and first in the hearts of his countrymen.” We could also say that Washington demonstrated Christian character both in war and in peace.
One of his orders while serving as the general in the Revolutionary War was to establish chaplains. He wrote that: “All chaplains are to perform divine service tomorrow, and on every succeeding Sunday . . . The commander in chief expects an exact compliance with this order . . . and every neglect will be consider not only a breach of orders, but a disregard to decency, virtue and religion.”
Washington grew even more explicit as the war dragged on: “While we are zealously performing the duties of good citizens and soldiers we certainly ought not to be inattentive to the higher duties of religion. To the distinguished character of patriot, it should be our highest glory to add the more distinguished character of a Christian.”
