Problem
1. Graphically explain Cost-push and Demand pull inflation.
2. What is meant by Effective Exchange rate? Explain with examples how Nominal and Real Effective exchange rate are measured in an economy.
3. Define Purchasing Power Parity (PPP)
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.