Problem
1. Using appropriate diagrams compare and contrast cost-push and demand-pull inflation.
2. It is sometimes said that while cost-push factors can lead to higher prices and there-fore an initial round of inflation, inflation can only be sustained by demand-pull factors. Explain this point of view.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.