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ROBERT J. GORDON Northwestern UniversityUnderstandingInflation in the 1980s between .he inflation rate and the level of aggregate demand, and the related concept of the natural unemployment rate,

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What is the inflation rate?

The inflation rate is the percentage increase in the general price level of goods and services in an economy.

Who is required to file the inflation rate?

Governments, central banks, and economists are responsible for tracking and reporting the inflation rate.

How to fill out the inflation rate?

The inflation rate is calculated by comparing the current price level to a base year price level and expressing the difference as a percentage.

What is the purpose of the inflation rate?

The inflation rate is used to monitor price stability, inform monetary policy decisions, and assess economic health.

What information must be reported on the inflation rate?

The inflation rate report should include the methodology used, data sources, calculation formula, and final percentage.

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