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Cost-push inflation is a type of inflation caused by increases in the cost of important goods or services where no suitable alternative is available. It is contrasted with demand-pull inflation and disputed by some economists who argue that it is caused by increased money supply.
Learn about pullback as precomposition, fiber-product, and categorical pullback in mathematics. See examples, applications, and related notions such as pushforward, transpose, and inverse image.
Learn what built-in inflation is and how it affects the current inflation rate. Find out how inflationary expectations and the price/wage spiral reinforce the cycle of inflation.
Sunk cost is a cost that has already been incurred and cannot be recovered. The bygones principle states that only prospective costs are relevant to rational decisions, while the sunk cost fallacy is the tendency to ignore this principle and continue with a project.
A pullback is a limit of a diagram consisting of two morphisms with a common codomain. It is a universal construction that exists in many categories, such as commutative rings, groups, modules, sets, and fiber bundles.
Demand-pull inflation occurs when aggregate demand in an economy is more than aggregate supply, causing inflation and unemployment to fall. Learn the causes, effects and contrast with cost-push inflation from this Wikipedia article.
Disinflation is a decrease in the rate of inflation, or a slowdown in the rate of increase of the general price level. Learn about the causes, effects, and examples of disinflation, and how it differs from deflation and reflation.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. Learn about the main topics, time frames, and schools of thought in macroeconomics, as well as the basic concepts of output, unemployment, and inflation.