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Perspective on Persistent Inflation
The Century of Inflation
Traditional Conceptions of Inflation
12 other sections not shown
accepted achieve activities balance of payments balance-of-payments deficits become billion borrowing budget capital causes central bank changes consequences consumer consumerism consumption controls costs coun create currencies decisions demand depression developing countries domestic economic and social effects eliminated end inflation ernment exchange rates exports firms foreign full employment global gold government expenditures governmental greatly gross national product higher important income increases industrial countries inflationary expectations inflationary pressures interest rates International Monetary Fund international monetary system international trade investment labor less levels major market mechanism measures ment monetary policy money illusion money supply nomic output particularly peacetime percent persistent inflation price rises prices and wages priorities problem productive purchasing power rates of inflation reduce regarded responsibilities result rising prices role savings sterling sumers taxation temporary tion trends U.S. dollars unem unemployment United Kingdom widespread World Bank world-wide