The experience of the 1970s and 1980s suggests that the cost of engaging in the process of disinflation is that

Question

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The process of disinflation, which involves reducing the rate of inflation, often leads to higher unemployment rates. This is because as policies are implemented to reduce inflation, such as higher interest rates to curb spending, economic activity can slow down, leading to job losses.

The Experience of the 1970s and 1980s Suggests That the Cost