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Despite a sluggish economy, inflation reached as high as 14.8%, and interest rates reached as high as 18% during the period 1977-1981. By 1985-1990, this contributed to the failure of Savings and Loan associations which had many bad loans, especially in real estate.
Of course, Carter had inherited the general inflationary trend from the Nixon and Ford adminstrations, which saw the beginnings of double-digit levels. President Ford had instituted the generally-ineffective program called WIN (Whip Inflation Now) in October, 1974. However, by November of 1976 the rate had subsided to 4.9% and was 5.2% when Carter took office. Continuous rises brought it to 14.8% in March, 1980, and 11.8% when Carter left office. Since 1982, general inflation has been suppressed below 6.5% and at times has been much lower.
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Can Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates or inflation?
Expansionary fiscal policy or running the printing presses usually causes inflation. Sometimes it causes hyperinflation. It caused both the inflation and interest rate to rise to 20% under the Carter administration.
What is the inflation rate in Texas?
current inflation rate in harris county
What is the 1992 inflation rate?
the inflation rate in 1992 was 1.75
What is the inflation rate in Indonesia?
As of 2005, the inflation rate in Indonesia was about 6.6%.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
Can Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates or inflation?
Expansionary fiscal policy or running the printing presses usually causes inflation. Sometimes it causes hyperinflation. It caused both the inflation and interest rate to rise to 20% under the Carter administration.
What is the inflation rate in Texas?
current inflation rate in harris county
What inflation rate?
inflation
What is the 1992 inflation rate?
the inflation rate in 1992 was 1.75
What were the inflation rate and the unemployment rate last year?
2016s rate was 4.85%, and the inflation rate was 2.5%
What is inflation rate of 2007 in Pakistan?
Core Inflation Rate is 7%
What is the inflation rate in Indonesia?
As of 2005, the inflation rate in Indonesia was about 6.6%.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
2008 inflation rate?
To date the 2008 "core" inflation rate is about 4.2%. Add to that housing and energy costs and the real inflation rate is about 11.2%.
How do you compare inflation rate in India with world inflation rate?
Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.
What is an acceptable inflation rate?
Each government will have a set target with which the inflation rate should lie. For example, in NZ the inflation rate target is 1-3%.
What is the current inflation rate of London?
The current inflation rate of the United Kingdom is 3.2%.
