A.Discuss the reasons why one might expect, over the long run, countries with price stability to enjoy faster growth than those with high inflation or deflation. B. It is sometimes said that business...

stability to enjoy faster growth than those with high inflation or deflation.

B. It is sometimes said that business prefers an environment of rising prices to one of static or declining prices. Do you agree?

C. Why do monetarists believe that sustained inflation is impossible without the explicit or implicit acquiescence of the monetary authorities?