How Long Did Inflation Last In The 70s?
Burns became concerned about inflation in the winters of 1972 and 1973. Inflation had more than doubled to 8.8% in 1973. It would rise to 12 percent later in the decade. Inflation had reached 14% by 1980. What was the duration of the big inflation? The Great Inflation was the defining macroeconomic event of the […]
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