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What are some of the damaging effects deflation has on an economy? What would be a monetary policy prescription to reduce or eliminate deflation? How would deflation affect your business or a business you are familiar with?
Microeconomics, Economics
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Question: In the late 1970s interest rates soared but the economy remained healthy. Why did higher interest rates fail to slow down the economy in 1977-8, but cause recessions in 1980 and 1981? The response must be typed ...
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