Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 7, Problem 14E
To determine
(a)
A situation where successful negotiation by labor union led to rise in wage and causing cost-push inflation using a demand and supply diagram.
To determine
(b)
A situation where an increase in demand for domestic products in foreign countries have led to demand-pull inflation using a demand and supply diagram.
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