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(a Long Question 1 Homework Unanswered As of March 2022, inflation is 6.2% One View is that current inflation is due to supply forces. Please
(a Long Question 1 Homework Unanswered As of March 2022, inflation is 6.2% One View is that current inflation is due to supply forces. Please show graphically how to rationalize this narrative and describe a real world story that generated it (2.5 points). One other View is that inflation is due to demand forces. Please show graphically how to rationalize this View and describe a real world story that generated it (2.5 points). Hint: how can you get an increase in the price level (i.e. inflation) in the AS/AD model? For this assignment you do not need to show me graphs. Just type your answer below
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