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Colonies issued notes during this time what describes

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Between 1720 and 1750, the colony of Massachusetts had an average rate of inflation of 5% per year. Over the same period of time, the colonies of New York and Virginia each had average rates of inflation of 0.4% per year. Inasmuch as all of these colonies issued notes during this time, what explains the difference in the inflation experiences of Massachusetts as compared to New York and Virginia?

Reference no: EM13390954

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