Understanding Cost Push and Demand Pull Inflation: An In-Depth Analysis

The video lecture concludes a series on inflation, emphasizing its importance in exams. It covers key terms like price level, consumer price index, and inflation, and explains the concepts of cost push and demand pull inflation using aggregate supply and demand analysis. Cost push inflation is linked to increased production costs, while demand pull inflation is due to increased aggregate demand. The lecture highlights the differences between these inflation types, focusing on their impact on price levels and output gaps. The video serves as a crucial resource for exam preparation.

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