Question
Define inflation and Consumer Price Index (CPI). Describe the two types of inflation, demand pull and cost-push inflation. Describe the consequences of inflation in terms
Define inflation and Consumer Price Index (CPI). Describe the two types of inflation, demand pull and cost-push inflation. Describe the consequences of inflation in terms of winners and losers. How does inflation impact on investment and business decisions? Describe the policy measures that governments may implement to reduce the level of inflation?
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
