Inflation Is Often Persistent and Difficult to Fix,stretching Out Over

question 4

True/False

Inflation is often persistent and difficult to fix,stretching out over several years as in the 1970s and 1980s,because suppressing it requires strict and unpopular government measures.

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Definitions:

Developing

pertains to countries or regions undergoing industrialization, modernization, and economic growth, often characterized by lower living standards compared to developed nations.

International Labour Organization

A United Nations agency that sets international labor standards and promotes rights at work, encouraging decent employment opportunities and enhancing social protection for all workers.

Workers

Denotes individuals who perform tasks or services, usually for payment, within various employment settings, contributing to the production of goods or provision of services.

Poverty

A state of having insufficient financial resources or income to meet basic living needs such as food, shelter, and clothing.