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Part 2 Inflation a)What do you think would happen to inflation in your chosen country which is India in the coming year? Explain. Demand components:

Part 2

Inflation

a)What do you think would happen to inflation in your chosen country which is India in the coming year? Explain.

Demand components: Consumption

b)What factors usually determine individual consumption?In light of these factors analyse how the situation with the COVID-19 pandemic is likely to affect aggregate consumption. Use the theory studied in the course in your answer. You may want to provide some examples for your chosen country which is India.

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