If the government adopts a hands-off policy toward inflation, then the long run effects of cost-push inflation and demand-pull inflation are identical.

Name: If the government adopts a hands-off policy toward inflation, then the long run effects of cost-push inflation and demand-pull inflation are identical.
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In the long run, cost-push inflation can lead to stagflation (high inflation and unemployment), while demand-pull inflation can result in sustained economic growth if managed properly.

If the Government Adopts a Hands-Off Policy Toward Inflation, Then