Why do policymakers want to keep inflation low? Who suffers when there is cyclical unemployment?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jan 10, 2018 01:58 AM

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Why do policymakers want to keep inflation low? Who suffers when there is cyclical unemployment?

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Policymakers want to keep inflation low at least in part because the public is afraid of inflation w...View the full answer

Money Banking and Financial Markets

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