Price increases only by the inflation rate

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Reference no: EM131380406

1. If the inflation rate is 7% per year, how many years will it take for the cost of something to double, if the price increases only by the inflation rate?

2. How do you draw aggregate demand and supply curves for inflation and deflation showing price level and GDP?

3. How can Hymen Minsky's theory can be linked to the financial crisis?

Reference no: EM131380406

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