What to do about it?
- Central banks aim to keep inflation controlled, often targeting around 2% per year.
- Central banks can reduce the amount of money circulating in the economy.
- Governments can cut public spending or increase taxes to reduce overall demand in the economy.
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 3 of 5, covering Inflation.
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