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2019_december

Question 1

Background

Assume that in 2015 the economy expanded (in expansion phase of business cycle).

Further assume that net injecti ...

Product code:- Macro-Economics-PH96

Question 1

By comparison of the 'absolute income' and 'permanent income' theorie ...

Product code Economicsmacro-Quizlet104

 

1Q- _____________Likely to cause demand pull inflation.

2Q-Supply side shock for the uk economy___________.

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