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Look up the definition of demand-pull inflation. Explain it in a paragraph or two. What happens (or what is the response) when a nation's currency
Look up the definition of "demand-pull" inflation. Explain it in a paragraph or two.
What happens (or what is the response) when a nation's currency depreciates
Answer this question: When a recession occurs where does the economy lie in a Production Possibilities Curve (or Frontier)? Is is inside the curve or outside the curve of the PPC/PPF? (Hint: A recession doesn't use all the resources efficiently.)
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