Economics Today: Macro View (Looseleaf)
Economics Today: Macro View (Looseleaf)
18th Edition
ISBN: 9780133916492
Author: Miller
Publisher: PEARSON
Question
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Chapter 10, Problem 10.4LO
To determine

The reasons for persistent inflation in recent decades.

Concept information:

Inflation refers to the rise in the general price level over a period of time. Inflation leads to a fall in the purchasing power of people.

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