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Using diagrammatic illustrations where necessary, write brief notes on the following concepts. i. Demand-pull and cost-push inflation [6 marks] ii. Consumer Price Index [3 marks]
Using diagrammatic illustrations where necessary, write brief notes on the following
concepts.
i. Demand-pull and cost-push inflation [6 marks]
ii. Consumer Price Index [3 marks]
iii. GDP deflator [3 marks]
iv. Cost of expected inflation [4 marks]
v. Cost of unexpected inflation [4 marks]
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