Some economists believe that moderate inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation.Other economists argue that in order to achieve rapid economic growth, some moderate price increases are necessary, and that rigid price stability would cause considerable unemployment.Contrast and evaluate these two points of view.

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The Answer of Some economists believe that moderate inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation.Other economists argue that in order to achieve rapid economic growth, some moderate price increases are necessary, and that rigid price stability would cause considerable unemployment.Contrast and evaluate these two points of view.

Some Economists Believe That Moderate Inflation Cannot Be Accepted Because