EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
4th Edition
ISBN: 8220100668203
Author: Mishkin
Publisher: PEARSON
Question
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Chapter 24, Problem 2DAP
To determine

To Indicate:

The periods of demand-pull or cost-push movements in the inflation rate.

Concept introduction:

Inflation: Continuous increase in the general price level of the economy for number of periods.

Demand Pull Inflation: When the continuous price rise results from an increased demand in the economy, it is called demand pull inflation.

Cost-Push Inflation: When the inflation is due to an increased cost of production, it is known as cost-push inflation.

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