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misery index
Dignity
1982 to 1984
During times of high inflation, it is best to regulate the price increase of the retailers. Policies should include price regulation, and consumer control.
False. If inflation occurs, prices rise. Since the CPI is an indicator of price changes, the CPI will rise correspondingly.
misery index
Dignity
1982 to 1984
It is due to the nature of economic policy. Normally inflation and unemployment are inversely related, so policy decisions can be made to cure one at the expense of the other (for instance, raising of interest rates lowers inflation but risks stifling business growth). During the period between 1964 and 1983, we experienced "stagflation" (high unemployment AND high inflation). So when we experience both at the same time, policy makers have their hands tied as to what to do. If they decide to try to get inflation lower, they risk making unemployment worse (and it's already bad) and if they try to get employment lower, they risk making inflation worse.
increased
a period during the 1930s when there was a worldwide economic collapse and mass unemployment.
During times of high inflation, it is best to regulate the price increase of the retailers. Policies should include price regulation, and consumer control.
False. If inflation occurs, prices rise. Since the CPI is an indicator of price changes, the CPI will rise correspondingly.
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an economic protest party
Need for public debt: During period of inflation and deflation it is a sound fiscal weapon.
an economic protest party