Macroeconomics 9th Edition by David Colander

تمرين 22

Wayne Angell, a former Fed governor, stated in an editorial, "The Federal Reserve should get back on track getting inflation rates so low that inflation would no longer be a determining factor in household and business investment decisions." Mr.ngell believes inflation lowers long-term growth.
a.Is Wayne Angell most likely a quantity theorist or institutionally focused economist Explain your answer.
b.How does inflation affect household decisions and, consequently, growth