Explain cost-push inflation and give an example of a possible cause.
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Q52: Indicate the effects of cost shocks upon
Q53: Show the effect on the price level
Q54: Draw the short-run aggregate supply and long-run
Q55: What is the general economic view regarding
Q56: Suppose the economy is initially operating at
Q58: What is the likely impact of expansionary
Q59: Explain why increases in long-run aggregate supply
Q60: Explain how changes in the exchange rate
Q61: If inflation is really a monetary phenomena
Q62: Explain how action by the Fed might
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