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Kaori, a student who recently started studying economics, tried to explain to her friend that there is a trade off between inflation and output. Her
Kaori, a student who recently started studying economics, tried to explain to her friend that there is a trade off between inflation and output. Her friend insisted that the government canrandomly implement many policies to increase output.
putiing you knowledge of economics into play, describe thetrade off between inflation and output and why the government may/may not be able to just randomly implement policies.
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