Question

Inflation has been moderate in some industrialized countries since the 1970s because?

Answer 1

Inflation has been moderate in some industrialized countries since the 1970s because

• economists have started using more sophisticated monetary policy rules
• there haven't been any large price shocks
• of the use of inflation targeting.

An advanced country is a sovereign country that has an excessive fine of life, evolved financial system, and advanced technological infrastructure relative to other less industrialized countries' locations.

An advanced us also called an industrialized countries US has a mature and complex economy, usually measured through the gross domestic product (GDP) and/or common earnings in line with residents. Evolved countries have superior technological infrastructure and diverse industrial and carrier sectors.

Traits of industrialized countries encompass monetary boom, the extra efficient division of hard work, and the use of technological innovation to remedy problems instead of dependency on situations outside of the doors of human management.

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