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    Exam 28: Inflation: Causes and Consequences
  5. Question
    If Paul Volcker Was a "Tough" Central Banker, Why Was
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If Paul Volcker Was a "Tough" Central Banker, Why Was

Question 17

Question 17

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If Paul Volcker was a "tough" central banker, why was he unable to reduce inflation without the economy experiencing significant losses in output and employment?

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Volcker's predecessors had not...

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