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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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