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n Chapter 27, you learned theory of inflation. Think about the laptop industry. How would inflation...

n Chapter 27, you learned theory of inflation. Think about the laptop industry. How would inflation affect the laptop industry? Also, would inflation be desirable in this specific industry? (You do not need any extra research on this particular industry).

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Answer #1

Inflation is defined as the rise in the general price level over a certain period of time. A low or moderate inflation helps in boosting economic growth but a higher degree inflation causes prices to go even higher and slows down demand and output.

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