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Macro Economics Final Report

Macro Economics Final Report

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Published by Zayn Khan

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Categories:Types, School Work
Published by: Zayn Khan on Apr 06, 2011
Copyright:Attribution Non-commercial

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06/29/2013

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As the name suggests, when the cost of production of goods and services increases, there is

likely to be an increase in the prices of finished goods and services. For instance, a rise in the

wages of laborers is what raises the unit costs of production and thus raises price. This is less

common than demand-pull inflation. This type of inflation may or may not occur in conjunction

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