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SUMMARY |
An inflation rate of 2 or 3% can be good for the economy, as it helps boost businesses' profits. Unchecked, however, inflation can lead to financial hardships for individuals and widespread economic downturns. This book discusses how inflation is affected by supply and demand, its history, how it can be regulated, and how lack of regulation can affect the economy. Examples throughout U.S. history and comparisons of the costs of goods over time show how it affects the economy. |