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What Are the Costs of Inflation

question 126

Essay

What are the costs of inflation?
Briefly explain each.


Definitions:

International Agreements

Treaties or accords between countries that govern their mutual relations and commitments.

Senate

The Senate is one of the two chambers of the United States Congress, responsible for making and passing federal laws, consisting of two senators from each state.

Nontariff Barrier

Any impediment to international trade other than tariffs.

Embargoes

Government-imposed restrictions on trade with a particular country or the exchange of specific goods, often used as a political tool.

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