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1i. Describe TWO (2) types of inflation. 1ii. Assess TWO (2) ways in which inflation may have an impact on an economy.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1i. Describe TWO (2) types of inflation.
1ii. Assess TWO (2) ways in which inflation may have an impact on an economy.

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Step 1: INTRODUCTION:

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Step 2: A. Functions of a Central Bank:

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Step 3: B. Ways in which a Central Bank controls money supply:

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Step 4: IN THIS STEP WE WILL SEE (C. Inflation), (D. Types of inflation:) And ( E. Impact of inflation)

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