Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 29.2, Problem 4RQ
To determine

Explain the cost-push inflation spiral.

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What can be a reason why inflation is not occuring when government spending increases in an economy?
Explain why a sudden, large burst of inflation could lead to a recession?
How can demand-pull inflation lead to cost-push inflation?
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