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What are the two major economic problems and how they affect economy? Distinguish between demand-pull inflation and cost-push inflation. Which of the two types is

What are the two major economic problems and how they affect economy? Distinguish

between demand-pull inflation and cost-push inflation. Which of the two types is most

likely to be associated with a negative GDP gap? Which with a positive GDP gap, in

which actual GDP exceeds potential GDP? What is core inflation? Why is it

calculated?

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