Question
Inflation is an increase in the general price level. Use the short-run AD/AS model to show 2 ways to demonstrate inflation. Start with the model
Inflation is an increase in the general price level. Use the short-run AD/AS model to show 2 ways to demonstrate inflation.
Start with the model in equilibrium and then describe or draw 2 things that could lead to an increase in the price level.
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
