The condition of an increase in prices NOT triggered by an increase in demand is called:

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Inflation refers to a general increase in prices of goods and services in an economy over time. This increase in prices may not always be triggered by an increase in demand, as there can be other factors such as supply constraints, cost of production, and monetary factors that can lead to an increase in prices. Hyperinflation refers to an extreme form of inflation with a rapid and uncontrollable increase in prices. The Pigou effect is a theory that suggests a decrease in real wages (due to inflation) can lead to an increase in employment and production, thereby offsetting the negative effects of inflation. Restraint of trade refers to actions that limit competition in the market, which can have an impact on prices but is not related to inflation.

The Condition of an Increase in Prices NOT Triggered by an Increase