(1) Demand-driven inflation. This is to analyze the causes of inflation from the perspective of aggregate demand, which refers to the fact that under the existing ** level in the commodity market, if the aggregate demand of the economy exceeds the aggregate supply level, it will lead to an increase in the general price level.
2) Cost-push inflation. This is an analysis of the causes of inflation from the point of view of aggregate supply, which refers to the increase in the general price level due to the increase in the cost of production. The increase in costs means that the original level of output can only be achieved if it is higher than the original level.
and 3) inflation driven by a mixture of supply and demand. This is the reason for analyzing inflation by combining aggregate demand and aggregate supply. Many economists believe that the root cause of inflation is not a single aggregate demand or aggregate supply, but a combination of both.
4) Structural inflation. It is caused by the difference in labor productivity of various economic sectors, the structural characteristics of the labor market, and the comparison of income levels between various economic sectors.
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