Economics

What Causes Inflation In The Long Run?

What variables influence the rate of inflation? The intersection of aggregate demand and short-run aggregate supply determines the price level; anything that modifies either of these two curves impacts the price level and consequently the inflation rate. In the near run, we’ve seen how these movements can produce various inflation-unemployment pairings. Two factors will determine

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How Did Constantine And Diocletian Fight Inflation?

Diocletian (284-304) and his successor Constantine (r. 313-337), both Illyrican peasants who rose through the ranks of the army, changed the imperial system to the point of reshaping the Roman state and society. Borders had hardly been rebuilt when Diocletian rose to the Purple; Germanic and Sassanid threats persisted, while commerce and agricultural declined, resulting

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