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Essay text:
Galloping inflation is 10-20% rate and begins to get out of control. In this case, vietnamese inflation rate has increased gradually up to 27% at the moment and does not seem to stop yet. It can possibly turn into hyperinflation if the government cannot deal with the problem. However, since vietnam had grown in 8% for the last decade, the situation is not that pessimistic.
- Cause
o Cost-push: cost-push inflation happens when there is a decrease in aggregate supply.“vietnam is suffering from the world wide economic downturn and from high inflation that has spread through southeast asia.” Price of fuel, an important resource has gone up worldwide, driving the cost of raw material and transportation up as well...
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Common topics in this essay:
- JFK IN VIETNAM
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- inflation and its impacts on Vietnam
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