Inflation has happened before. Four notable examples; 1. Weimar Germany 2. Zimbabwe 3. 1970s United States and Stagflation 4. Venezuela Use evidence to discuss the following: 1. What are the consequences of inflation?
Inflation has happened before. Four notable examples; 1. Weimar Germany 2. Zimbabwe 3. 1970s United States and Stagflation 4. Venezuela Use evidence to discuss the following: 1. What are the consequences of inflation?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What are the Consequences of Inflation? Answer the First question Please

Transcribed Image Text:Inflation has happened before. Four notable examples;
1. Weimar Germany
2. Zimbabwe
3. 1970s United States and Stagflation
4. Venezuela
Use evidence to discuss the following:
1. What are the consequences of inflation?
2. What are the short term solutions to inflation (look to Paul Volker in the 80s).
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