2 given the following informationltbrgtconsumers are very, Ask an Expert

Economics

2. Given the following information:
Consumers are very optimistic about the future.
The price of oil has just doubled.
The money supply is growing at a 6% rate.
The government has just cut spending by 8%. Firms are doubling their investment.
The trade deficit has doubled in the last 6 months.
Calculate the long-run rate of inflation.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9585860

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