Inflation is a a term that is widely used in economics

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Inflation is a a term that is widely used in economics. What happens when there is an Increases in the rate of inflation

 

Reference no: EM131030526

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The government increases spending dramatically : Suppose in an economy, the government increases spending dramatically.  On a graph showing inflation(scale: 0-12%) at 8% and real GDP growth rate at 8%(0-12%), what would be the short-run impact of government spending on the economy?
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Inflation is a a term that is widely used in economics : Inflation is a a term that is widely used in economics. What happens when there is an Increases in the rate of inflation
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