Question

Explain the relationship between rapid economic growth and high in inflation in an economy

Answer 1

Explanation:

Astrologers, those who predict the future

c. Cheerless, gloomy, sad

d. Vicious, cruel, inhuman

e. Difficult to keep away from

f. A narrow passage that is cut out

high in inflation in an economy

Answer 2

Explanation:

If demand rises faster than firms can increase supply, firms will respond to the excess demand and supply constraints by putting up prices. ... Therefore, rapid economic growth tends to cause upward pressure on prices and wages – leading to a higher inflation rate.

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