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Year 12s: what will be the first way you research your future options? >>

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university, economics, first year, macroeconomics

university, economics, first year, macroeconomics

hello1236

Please could someone answer my questions ASAP:

1. For the sacrifice ratio, why does the central bank reduce economic growth and output to reduce inflation?

2. What is meant by the social costs of fixing inflation?

3. How does the excessive use of the inflation/ output tradeoff reduce its power in the long run?

Thank you in advance!

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