Principles of Economics (Second Edition)
Principles of Economics (Second Edition)
2nd Edition
ISBN: 9780393614077
Author: coppock, Lee; Mateer, Dirk
Publisher: W. W. Norton & Company
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Chapter 21, Problem 4QFR
To determine

To explain:

The impact on the country's long-term rate of economic growth, if the country experiences a higher rate of inflation.

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If a country is experiencing a relatively high rate of inflation, what impact will this have on the country’s long-term rate of economic growth?
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