To control economic challenges, such as inflation, governments use.

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Social Studies

Keaton Chase

23 December, 02:02

To control economic challenges, such as inflation, governments use.

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Quinn Horn · Answer 1

Governments can use wage and price controls to fight inflation, but that can cause recession and job losses. Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.