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1.Whatis cost-push and demand-pull inflation? What negative phenomenon could occur as a result of a sudden cost shock provided that the federal government keeps its

1.Whatis cost-push and demand-pull inflation? What negative phenomenon could occur as a result of a sudden cost shock provided that the federal government keeps its monetary and fiscal policies unchanged?

2.Manyeconomists agree that sustained inflation is purely a monetary phenomenon. What is their specific detailed reasoning for such thinking?

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