Question: In the past few years, CPI inflation has often differed by more than 1% from its 2% target. In the winter of 2015 the uk

In the past few years, CPI inflation has often differed by more than 1% from its 2% target. In the winter of 2015 the uk experienced a brief period of deflation but more recently inflation has been over 3%

Evaluate the view that inflation is always preferable to deflation

(25 Marks)

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