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In many countries the COVID pandemic is almost going to end, and the economies have shown successful economic recoveries. However, after the successful recoveries many
In many countries the COVID pandemic is almost going to end, and the economies have shown successful economic recoveries. However, after the successful recoveries many economies, such as US and Canada, have experienced high inflation rates. Using the AD and AS model, please explain the main causes of those high inflation, and what policies you would recommend to reduce those high inflation rates.
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