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Exemplar theory assumes that subjects learn a concept by
Cost-push Inflation
Inflation caused by an increase in prices of inputs like labour, raw material, etc. It’s when the supply side of the economy’s production function becomes more expensive.
Demand-pull Inflation
Inflation that occurs when the demand for goods and services exceeds their supply, leading to an increase in prices.
Demand-pull Inflation
A situation where inflation is caused by an increase in demand for goods and services, exceeding the available supply.
Cost-push Inflation
Inflation caused by an increase in production costs, such as raw materials and wages, which leads to a decrease in the supply of goods and services at the same price levels.
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