The IS/LM model assumes that this value is zero. A sharp drop in supply results in the "cost-push" variety of this phenomenon, which is contrasted with the "demand pull" variety.
The IS/LM model assumes that this value is zero. A sharp drop in supply results in the "cost-push" variety of this phenomenon, which is contrasted with the "demand pull" variety. The nominal interest rate and real interest rate are computed before and after adjusting for this phenomenon, particularly high values of which were experienced by the (*) Weimar Republic and Zimbabwe. For 10 points, identify this phenomenon quantified by the change in the Consumer Price Index, a decrease in purchasing power corresponding to an increase in prices.
The IS/LM model assumes that this value is zero. A sharp drop in supply results in the "cost-push" variety of this phenomenon, which is contrasted with the "demand pull" variety.
inflation