Explanation about inflation and policies

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List and explain the two types of inflation. Which type of inflation would most likely be associated with a negative GDP? Which type of inflation would be most likely associated with a positive GDP gap?

Explain expansionary and contractionary fiscal policy. Explain what policy would be used in each of the following scenarios; depression, recession, and robust growth with inflation. What are some of the implementation problems with fiscal policy?

Reference no: EM1314510

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