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Which of these was a lesson that economists learned from the battle with stagflation in the late 1970s and early 1980s? Which of these was
Which of these was a lesson that economists learned from the battle with stagflation in the late 1970s and early 1980s? Which of these was a lesson that economists learned from the battle with stagflation in the late 1970s and early 1980s? Interest rates are more important than the money supply at a national level. Unemployment rates and inflation rates move in opposite directions. High inflation rates are more devastating to a society than high unemployment rates
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