Demand-side inflation occurs when demand for a product at a particular price exceeds the product's supply. Out of the two types of inflation, demand-side inflation is the most common. More »

Four main types of inflation occur in the United States: creeping, walking, galloping and hyperinflation. These types of inflation are representative of how quickly inflation is increasing. Inflation can also be broken d... More »

Inflation hurts households the most because it limits their purchasing power and makes it difficult to buy the items needed for day-to-day living. Interest rates also rise as a result of inflation, which can make it hard... More »

Inflation generally increases when the gross domestic product (GDP) growth rate is above 2.5 percent due to several factors, such as demand for goods overstretching supply and higher wages in an ultra-competitive job mar... More »

Elasticity is a term that describes how much the demand or supply for a product or service changes in relation to that product’s price. Each product on the market today has a different level of elasticity. Products consi... More »

Inflation can rise as a result of a number of factors, such as an excessive monetary supply — which devalues currency, causing a rise in prices — and excessive pressure on supply and demand, usually caused by natural dis... More » World View Social Sciences Economics

The law of supply and demand in economics indicates that a "surplus" exists when supply of a given product exceeds demand. If the supply of gum exceeds demand, for instance, resellers end up with excess inventory that th... More »