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1.1 In light of the above article, discuss some of the negative effects of inflation that Argentina may experience. (12 Marks) 1.2 Attempting to decrease

1.1 In light of the above article, discuss some of the negative effects of inflation that Argentina may experience. (12 Marks) 1.2 Attempting to decrease inflation may result in increasing levels of unemployment. Defend the above claim and explain the type of unemployment that this may result in. (13 Marks) 1.3 With the aid of a diagram, describe the traditional monetary policies that can be used to control inflation.

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