Does the closed-economy model predict that the impact of the increase in government transfers on inflation is that the inflation would rise in response to the shock? Explain your answer. How the view of the world contained in the closed-economy model compares to the model that an economist at T. Rowe Price quoted in WSJ apparently has in mind when she is quoted saying, "You've got more demand chasing goods and services, the supply of which is being impaired at the moment for a number of reasons"