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(a)The Bank of England cuts interest rates and the economy booms. Cost-push / Demand-pull / Both (b)As a result of falling unemployment, trade unions become
(a)The Bank of England cuts interest rates and the economy booms.
Cost-push / Demand-pull / Both
(b)As a result of falling unemployment, trade unions become more militant and demand higher wages.
Cost-push / Demand-pull / Both
(c)The government raises the rate of VAT.
Cost-push / Demand-pull / Both
(d)The government cuts income tax rates and raises government expenditure at a time of near full employment.
Cost-push / Demand-pull / Both
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