Economics A Level (DONEEEEEEE): Why do Governments want Low Inflation

Question

Why do Governments want Low Inflation

eric_galvao · Accepted Answer

-Government in Britain aims for 2% Inflation
-Monetary Policy Committee of the Bank of England [MPCBE] uses Monetary Policy to get the Target Rate
-Inflation can make Standards of Living worse off, and make basic Commodities be Rationed

Economics A Level (DONEEEEEEE)

Why do Governments want Low Inflation

-Government in Britain aims for 2% Inflation -Monetary Policy Committee of the Bank of England [MPCBE] uses Monetary Policy to get the Target Rate -Inflation can make Standards of Living worse off, and make basic Commodities be Rationed

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