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49
Why are steady, predictable inflation rates desirable?
-need to be able to predict the rate for lending and spending
-interest rates are difficult to establish when there is uncertainty
-interest rates are difficult to establish when there is uncertainty
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010