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Explain the concept of demand-pull inflation. Explain the concept of cost-push inflation. Explain the Monetarist/Austrian concept of inflation. Explain three consequences of inflation. Explain three

  1. Explain the concept of demand-pull inflation.
  2. Explain the concept of cost-push inflation.
  3. Explain the Monetarist/Austrian concept of inflation.
  4. Explain three consequences of inflation.
  5. Explain three consequences of deflation.
  6. Explain three problems associated with measuring inflation.

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