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What is 2 economic benefits to Ireland of having low rate of inflation?
Wiki User
∙ 10y ago
Two benefits to Ireland of low rate inflation is:
1. Because the price of goods and services from one period to the next remain generally low. e.g a can of coke in Switzerland costs 4 euro while a can of coke here in Ireland costs 1 euro.2. It can help in economic growth (The rise in quantity of goods and services produced/made from one period to the next)
Wiki User
∙ 10y ago
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