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A comprehensive group of five people have selected singapore of our choice to do a macroeconomics analysis we have chosen singapore as despite its small market, its . Home macro economic notes and essays economic essays on inflation causes of inflation causes of inflation inflation means there is a sustained increase in the price level. Macroeconomics began as the study of large-scale economic pathologies such as prolonged depression, mass unemployment, and persistent inflation in the early 1980s, rational expectations and new classical economics dominated macroeconomic theory, with the result that such pathologies can hardly be discussed within the vocabulary of the theory.
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