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2. Distinguish between demand-pull inflation and cost-push inflation. Which of the two types is most likely...

2. Distinguish between demand-pull inflation and cost-push inflation. Which of the two types is most likely to be associated with a negative GDP gap? Which with a positive GDP gap, in which actual GDP exceeds potential GDP? What is core inflation? Why is it calculated?(answer in your own words)

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Distinguish between demand-pull inflation and cost-push inflation. Which of the two types is most likely to...
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Distinguish between demand-pull inflation and cost-push infla- tion. Which of the two types is most likely to be associated with a negative GDP gap? Which with a positive GDP gap, in which actual GDP exceeds potential GDP? What is core infla- tion? Why is it calculated?
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