At level of inflation explain how long does it take

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Reference no: EM1329224

Economics: The Inflation Rate

Question: Suppose the Federal government can keep the inflation rate at about 2% per year. Is this rate of inflation small enough to ignore? Or will it still be important to keep track of the differences between nominal measures of output on wages and real measures of output or wages? At this level of inflation, how long does it take for the price level to double?

Reference no: EM1329224

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