Inflation for good business

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Reference no: EM1320688

1. Suppose someone argues that inflation is good for business (because businesses receive higher prices) and bad for individuals (who pay the higher prices). Is there any validity to that reasoning? Why or why not?

2. Is technological change a good thing? Mention some major benefits and major problems. If you could stop technological change, would you want to do so, and why?

Reference no: EM1320688

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