When demand surpasses supply, higher prices are the result. This is known as demand-pull inflation. Further Reading: Inflation in Economy International Monetary Fund (IMF) Related Links UPSC Mains General Studies Paper – 3 Strategy, Syllabus & Structure Important Economic Terms for UPSC Indian Economy Notes for UPSC UPSC Economy MCQ for IAS Prelims Economy Questions on UPSC Prelims Topic-wise GS 3 questions for UPSC Mains
Comments