Illustrate and explain the phenomenon of liquidity trap

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Reference no: EM132902466

Problem 1: What is credit inflation?

Problem 2: (i) Distinguish between "excess demand" and "cost-push" causes of inflation.

(ii) What policy measures can a country use to control inflation?

Problem 3: Illustrate and explain the phenomenon of liquidity trap.

Reference no: EM132902466

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