Why did sargent include the modifiers persistent high, Macroeconomics

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Why did sargent include the modifiers persistent high

Problem

Inflation as fiscal phenomenon: The complete version of the Thomas Sargent quote that began this chapter is "Persistent high inflation is always and everywhere a fiscal phenomenon." Why did Sargent include the modifiers "persistent high"?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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