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You are the economist for your local government. Your choices to increase spending in order to solve the declining GDP and rising unemployment have left

You are the economist for your local government. Your choices to increase spending in order to solve the declining GDP and rising unemployment have left you withhigher inflation.

  • Explain what it means to have higher inflation.
  • Assess how inflationaffects the people in the community.
  • Contrast how inflation affects banks (lenders) versus borrowers in your region. Is there abright side to inflation?

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