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“inflation is often a supply-side phenomenon with multiple causes. Inflation generated by strong aggregate demand beyond full employment is rarely observed, apart from the immediate post-World War II (WWII) period.” — Pavlina R. Tcherneva
inflation is often a supply-side phenomenon with multiple
causes. Inflation generated by strong aggregate demand beyond full employment is rarely observed, apart from the immediate post-World War II (WWII) period.