Assume contractionary monetary policies have had the effect of lowering inflation rates from a 6% annual rate

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Assume contractionary monetary policies have had the effect of lowering inflation rates from a 6% annual rate down to 2%. What do economists call this drop in inflation?

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Posted Date: Apr 26, 2024 12:41 AM

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Assume contractionary monetary policies have had the effect of lowering inflation rates from a 6% annual rate

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Economists refer to the drop in inflation from 6 to 2 as disinflation Disinflation is the ... View the full answer

Macroeconomics

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