Economics and Inflation
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This paper examines and explains why a high rate of inflation is bad for the economy, and how and why the impact of high rates of inflation is not evenly spread through the economy.
From the Paper:"According to an article written by Rebecca Hellerstein published on the Federal Reserve Bank of Boston website, economists define inflation as a sustained rise in the general level of prices. High inflation is bad for the economy. High inflation adversely effects economic performance. Even moderate levels of inflation can distort investment and consumption decisions. Reducing inflation also has costs, including lost output and higher rates of unemployment. The goal of the United States government is to maintain low and relatively stable levels of..."
Cite this Term Paper:
Economics and Inflation (2008, December 01) Retrieved July 10, 2020, from https://www.academon.com/term-paper/economics-and-inflation-125219/
"Economics and Inflation" 01 December 2008. Web. 10 July. 2020. <https://www.academon.com/term-paper/economics-and-inflation-125219/>