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What Is Demand-Pull Inflation?

What Is Demand-Pull Inflation?

A period of inflation that comes from rapid growth in aggregate demand is called demand-pull inflation. Demand-pull inflation occurs when ec...
4 min read
Normal goods
Definitions

Normal goods

EconomicsOnline • January 29, 2020 • 1 min read

Normal good – definition

A good which people demand more of when their income rises (or less of when their income falls). Normal goods have a positive income elasticity of demand.

normal goods

The Engel curve for a normal good will have a positive slope.


  • See inferior goods



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