One-shot inflation and continued inflation are two types of inflation. 1. Graphically show demand-side induced one-shot inflation.
Question:
1. Graphically show demand-side induced one-shot inflation.
2. Graphically show supply-side induced one-shot inflation.
3. Explain what turns one-shot inflation into continued inflation.
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1 In the above figure aggregate demand curve shifts rightward from AD1 to AD2 causing the price l...View the full answer
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