An economy is affected by cost-push inflation. Which mix of policies would be most suitable for the economy to use to reduce cost-push inflation?
- Aexchange rate: appreciate; supply-side policy: lower minimum wage
- Bexchange rate: appreciate; supply-side policy: raise minimum wage
- Cexchange rate: depreciate; supply-side policy: lower minimum wage
- Dexchange rate: depreciate; supply-side policy: raise minimum wage