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What are the economic and social costs of high inflation levels?
High inflation will have serious redistribution costs; make distortions to the economy; decrease international competitiveness;
Affect the balance of payments and exchange rate;
Have negative effects on growth.
What is "high-powered money"? The "high-powered money" is the similar as monetary base, which is defined, at the minimum, as the sum of the currency in circulation (banknotes
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A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.
Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of w
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identify any four other law of demand and give examples
What is checkable bank deposits?
a) Collect costs, revenue data, or other data from the industry that you deem relevant. Describe how you would modify the data in order to make it relevant to decisions a manager m
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