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Answer the following question in detail. Where a diagram is requested provide it. Strictly no shortcuts Describe at five forms of reactions by the government

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Answer the following question in detail. Where a diagram is requested provide it. Strictly no shortcuts

  1. Describe at five forms of reactions by the government to the five existing forms of inflation. Each is unique and different to the other.
  2. What are some of the main causes of Demand pull inflation
  3. Discuss and explain various concepts within the aggregate supply curve attached below
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CPI may arise before Y -stage AS following cost increases Price Level Eg P AS. P E. P AD AS, AS YE National Y N Output

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