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You have been informed by the chairman of the Radia Springs Central Bank that they must meet an inflation goal of 2% each year.

You have been informed by the chairman of the Radia Springs Central Bank that they must meet an inflation goal of 2% each year. a. What years was this goal met or not met? (Worth 3 points) b. Describe some of the benefits and costs of inflation to society. (Hint: This is addressed in Section 9.4 of Chapter 9 of the textbook. (Worth 4 points)

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