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a) Distinguish bewteen demand-pull inflation and cost-push inflation.Provide two examples that can cause demand-pull and cost-push inflation. b) Briefly explain three (3) types of unemployment.

a) Distinguish bewteen demand-pull inflation and cost-push inflation.Provide two examples that can cause demand-pull and cost-push inflation.

b) Briefly explain three (3) types of unemployment.

(c)Discuss the appropriate discretionary fiscal policy response to reduce high levels of unemployment caused by a severe recession.

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