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Destructive Effects of Inflation

from Cheryl Nafie (DCSID1@aol.com)
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I've been asked what is the detrimental effect on society if there is double digit inflation. Can you help with some examples? I know one would be the increased price of oil in the 1970's. Does double digit inflation normally make prices rise and unemployment increase?

Just the basics is all I need.

Thank you

Cheryl Nafie

(posted 8736 days ago)

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