Examlex
_____ occurs when someone does not respond to an initial provocation but later,when faced with a second provocation,responds more aggressively than would be warranted by that second provocation alone.
Demand-Pull Inflation
A situation where prices rise because the demand for goods and services exceeds their supply in the economy.
Aggregate Demand
The total amount of goods and services demanded in the economy at a given overall price level and in a given time period.
Aggregate Supply
The total supply of goods and services available to an economy from producers at a given overall price level and at a given time period.
Hyperinflation
An extremely high and typically accelerating inflation rate, causing a rapid erosion of currency's value.
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