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Damon

2018.10.30 20:44

Do you know the address? <a href=" http://karc.us/92053/subaru-libero.html#neighbour ">revatio and raynaud's</a> It might be argued that the American economy performed well during the l950s when inflation rates were very low, and so negligible inflation rates can be consistent with strong economic performance. This may be a misleading comparison. Underlying productivity growth was much more rapid during the l950s than it is today. As a consequence, there is less need for nominal wages to fall than there would be at low inflation rates in the current environment. Moreover, rapid underlying growth may have masked weak performance in keeping output near its potential level. The more dramatic example of weak economic performance during the 1870s corroborates the view that excessively low inflation is potentially quite costly.
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