Demand-Pull Inflation

A term used in Keynesian economics to describe the scenario that occurs when price levels rise because of an imbalance in the aggregate supply and demand. 

When the aggregate demand in an economy strongly outweighs the aggregate supply, prices increase. 

Economists will often say that demand-pull inflation is a result of too many dollars chasing too few goods.

Keynesian economics 
ケインズ派経済学

aggregate
集まった、総計の

Aggregate employment has fallen substantially. 
実質的に総計の雇用数は下落しました。

outweigh
〔重要度や価値が～より〕上回る、勝る