Question
In 2021, after facing a great increase in price levels this is the trend how inflation increased: Year 1=$1000, Year 2=$2000 and Year 3=$2500 Year
In 2021, after facing a great increase in price levels this is the trend how inflation increased:
Year 1=$1000, Year 2=$2000 and Year 3=$2500 Year 4= $2800.
Looking at the above example please specify which find of inflation in this? What are the harmful
consequences and benefits of inflation?
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
