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Economics: The Inflation Rate

problem: Suppose the Federal government can keep the inflation rate at about 2% per year. Is this rate of inflation small enough to ignore? Or will it still be important to keep track of the differences between nominal measures of output on wages and real measures of output or wages? At this level of inflation, how long does it take for the price level to double?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M926393

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