Answer the following statements true (T) or false (F)
1) Cost-push inflation increases real output and employment.
2) Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output.
3) Economists who are willing to accept mild inflation consider it to be a necessary by-product of high and growing spending that produces high levels of output, full employment, and economic growth.
4) Demand-pull inflation is usually accompanied by low unemployment and higher real output.
1) F
2) T
3) T
4) T
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