Which do you think would be more harmful to the economy an inflation rate that averages

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Which do you think would be more harmful to the economy – an inflation rate that averages 5 percent a year that has a high standard deviation or an inflation rate of 7 percent that has a standard deviation close to zero?

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jun 09, 2018 01:25 AM

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Which do you think would be more harmful to the economy an inflation rate that averages

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The inflation rate of 7 with standard deviation close ...View the full answer

Money Banking and Financial Markets

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