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n the 1970's in the U.S., what happened to inflation and unemployment? What caused this to happen? The 80's and 90's brought about more stability in world economic systems. Explain the change in central banks that contributed to this effect. What happened to interest rates after the financial crisis of 2008? Was that result expected? What are the dangers of having an inflation rate that's too low? Should central banks be independent of the federal government? Why or why not?

n the 1970's in the U.S., what happened to inflation and unemployment? What caused this to happen? The 80's and 90's brought about more stability in world economic systems. Explain the change in central banks that contributed to this effect. What happened to interest rates after the financial crisis of 2008? Was that result expected? What are the dangers of having an inflation rate that's too low? Should central banks be independent of the federal government? Why or why not?

Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Money Growth And Intlation
Section17.1: The Classical Theory Of Inflation
Problem 1QQ
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In the 1970's in the U.S., what happened to inflation and unemployment? What caused this to happen?

The 80's and 90's brought about more stability in world economic systems. Explain the change in central banks that contributed to this effect.

What happened to interest rates after the financial crisis of 2008? Was that result expected?

What are the dangers of having an inflation rate that's too low?

Should central banks be independent of the federal government? Why or why not?

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