Imagine that you are living in the newly formed U.S. Inflation is high. The value of money is decreasing, and prices are rising. You have been asked by the federal government to come up with a solution to this issue. In the space provided, create a plan that would help to solve the issue of inflation. Support your plan with details and evidence from the lesson.
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Answer:
Higher interest rates reduce demand in the economy, leading to lower economic growth and lower inflation.
Explanation:
Spend less money. and save that money.?
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