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Discussion question on Inflation
To show the gradual development of inflationary pressures in the postwar U.S. economy, and to show why these pressures posed problems for policymakers and also for Keynesian economics.
Objectives:
By inflation, we mean a general rise in the overall price level as measured by a price index, say the Consumer Price Index (CPI).
q.south korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. the u.s. can
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