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Contractionary Fiscal Policy Instructions: Study the chart below and answer the questions that follow. Inflation, end of period consumer prices (%) ? 25% 20% Argentina

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Contractionary Fiscal Policy Instructions: Study the chart below and answer the questions that follow. Inflation, end of period consumer prices (%) ? 25% 20% Argentina 15% 10% 5% United States 0% 2010 2011 2012 2013 2014 2015 1980 '1985 '1990 ' 1995 2000 2005 20/10 2015 *2020 1. Describe the level of inflation experienced in Argentina between 2010 and 2015 compared to that experienced by the United States. Which country is achieving an inflation rate closer to what is generally considered the "target" rate

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