CLO3 A1 In economics, inflation means a rise in general level of prices of goods and services in a economy over a period of time. It also related with the Demand pull inflation. Demand pull inflation is when the aggregate demand in the economy rises more than the aggregate supply. This means that the goods and services produced are lesser than the demand for them. Thus, inflation results in loss of value of money. This is commonly described as "too much money chasing too few goods." As an journalist of Economics Magazine, describe your ideas with a complete diagram not more than 3 pages. The originality of your summary report must follow this format: Format of report: 1. Layout: 2 columns layout 2. Design: Title + Heading 3. Arial/ times new roman 4. Single spacing [15 marks]