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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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725342

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