Imagine that you had to determine whether a particular period of inflation was demand-pull, or cost-push, or a combination of the two. What information would you require in order to conduct your analysis?
Answer to relevant QuestionsExplain how the current account of the balance of payments is likely to vary with the course of the business cycle.Criticize the classical theory that higher government spending will necessarily crowd out private spending.Why will the short-run consumption function be different from the long-run consumption function?What enables banks safely to engage in both maturity transformation and risk transformation?Explain how financial crowding out can reduce the effectiveness of fiscal policy. What determines the magnitude of crowding out?
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