Describe How a Demand-Pull Inflation Can Occur

question 255

Essay

Describe how a demand-pull inflation can occur.

---

Definitions:

State Laws

Regulations established by individual states within a federal system, addressing matters not covered by federal law or reserved to state governments.

Constitution

A set of fundamental principles or established precedents according to which a state or other organization is governed.

Federalism

A system of government in which power is divided between a central government and smaller political units, such as states.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the U.S. Constitution in 1789 due to its inability to provide a strong central government.