Commentdocument.getElementById("comment").setAttribute( "id", "a75cb1f524274484b3cb6ab0d86f43c3" );document.getElementById("je2fb374c7").setAttribute( "id", "comment" ); Cracking Economics The economy also experienced many shortages of goods. If prices are rising by 1000% and unemployment is 80% then WHO is buying the goods?
Price controls set the price for basic goods (the idea was to keep prices affordable and stop inflation).
endstream endobj 99 0 obj <> endobj 100 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 101 0 obj <>stream The case can be taught to a class experiment, see teaching … Click the OK button, to accept cookies on this website. The Monetarist explanation of inflation is that prices are linked to growth in the Money Supply. policies ushered in unprecedented progress. 148 0 obj <>stream
The government began increasing the rate at which they were printing money and increasing the money supply. Although this assertion was rather bizarre given that inflation is relatively low in Western economies.