Check recent inflation rates athttp://usinflation.org/us-inflation-rate/ How does the recent...

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Check recent inflation rates athttp://usinflation.org/us-inflation-rate/

How does the recent pattern of inflation relate to the AD&AS analysis, and to the debate among different schools of thought, as discussed in Box 13.3?

Robert · Accepted Answer

1 
 
As per the current news of inflation rate in U.S., the pattern of inflation rate reveals that inflation 
rate has been falling since last two months. Relating it with the AD&AS analysis signifies that 
AD curve moves upwards to raise the general price level. It might be due to excessive demand 
for goods and services, rise in wage rates paid to the labor and rise in prices of inputs used for 
production activities. Initially,

Check recent inflation rates athttp://usinflation.org/us-inflation-rate/ How does the recent pattern of inflation relate to the AD&AS analysis, and to the debate among different schools of thought, as...

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