what are the economic and social costs of high, Microeconomics

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what are the economic and social costs of high

What are the economic and social costs of high inflation levels?

High inflation will have serious redistribution costs; make distortions to the economy; decrease international competitiveness;

Affect the balance of payments and exchange rate;

Have negative effects on growth.

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Microeconomics: what are the economic and social costs of high

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Microeconomics: what are the economic and social costs of high

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