Use the Internet to identify a country that has had high inflation over the past year and

Question:

Use the Internet to identify a country that has had high inflation over the past year and another country that has had low inflation. (Hint: One useful Web site is http://www.economist.com/

markets/indicators/.) For these two countries, find the rate of money growth and the current level of the nominal interest rate. Relate your findings to the theories presented in this chapter.

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