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

Part 2

Inflation

a)What do you think would happen to inflation in your chosen country 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.

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