Write a short essay explaining the major cause of inflation


Problem

Between 1967 and 1978, prices in the United States rose by approximately 100 percent. Write a short essay explaining:

a. The major cause of the inflation.

b. Whether public policy could have prevented the inflation.

c. If so, how? at what cost? Use empirical evidence to support the positions that you take.

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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