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Inflation has emerged as an intractable economic problem for both theorists and policymakers since the post-World War II period, with a persistent rise in general price levels seen in both developed and developing economies. Persistent inflation above 5% annually is considered a serious issue, as seen currently in the US and previously in fast-growing India where inflation exceeded 12% in 2008, creating economic and social problems. Inflation is perhaps the second most serious contemporary macroeconomic pro

Author

Shubham Bansal

Language

EN