Explain why a stable 5% infl ation rate a can be preferable to one that averages 4%

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Explain why a stable 5% infl ation rate a can be preferable to one that averages 4% but varies between 1% and 7% regularly.

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Principles Of Economics

ISBN: 978-0393283365

1st Edition

Authors: Dirk Mateer ,Lee Coppock

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