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INFLATION, DEFLATION AND MANAGEMENT OF THE ECONOMY
Inflation and deflation are two states of the economic system, which are caused by various exogenous and endogenous factors of the economic system. In general, prices tend to reduce under the influence of objective economic and extra-economic factors. It is proved that these two conditions require the state to use two different tools for intervention and control (similar to high and low blood pressure in humans). It concluded that the management of inflation or deflation can not be management…
