Support It is primarily by raising interest rates that central bankers curb inflation, but Support an increase in interest rates takes up to two years to affect inflation. ββββββββββββ βββββββ βββββββ βββββββ βββ ββ βββββ ββββββββ βββββ ββββββ βββββββββ βββββββ ββββββββββ ββ βββββ ββββ βββββββββ ββ βββ βββ βββββββ ββββββββ βββββββ βββ ββββββ βββββββββ ββ βββββββ βββββββββ ββββββββ ββββ βββββ βββββββββ ββββ ββ βββββββββ ββ ββββββββββ βββββββββββ β βββββββ ββββββββ βββββ βββββββ ββββββββ βββββββ ββ βββββββββββ βββββββββββ βββββββββ βββ ββββ ββ ββββββ βββ ββββ ββ ββββ βββ ββββββ βββββββββ βββββββ βββββββββ βββ ββββββββ ββββββ
Central bankersβ success in curbing inflation may make it harder for them to prevent future inflation without making the public angry. Why?
Inflation is restrained by raising interest rates.
These increases take two years to affect inflation.
Therefore, bankers try to increase rates before inflation gets bad. (sub-conclusion)
When inflation is not yet bad, it is not readily apparent.
If inflation is not yet bad, rate increases are seen as hurting the economy.
This is one premise that sets up the explanation for why successful inflation control makes it harder to continue to control it without incurring public anger. Knowing that inflation is restrained by raising interest rates is essential to the argument.
Analysis by TiaraLaulusa
Which one of the following ββββ ββββββββββ βββββββββ βββ ββββ ββββββ ββ βββ ββββββββ ββ βββ βββββ ββββ ββ ββ βββββββββ ββ βββββββ ββββββββ βββββ ββββ βββββββ βββββββ ββββ ββββββββββ
It is presented ββ β ββββββββ βββββββββββ ββ βββ ββββ ββββ βββββββ ββββββββ βββββββ ββ βββββββββββ βββββββββββ βββββββββ βββ ββββ ββ ββββββ βββ ββββ ββ ββββ βββ ββββββ βββββββββ βββββββ βββββββββ βββ ββββββββ ββββββ
It is a βββββββββββ ββ β ββββββββββ βββ βββββ βββ βββββ ββββ ββ ββββββββ ββ ββββββββ βββββ βββββ ββ ββ βββ βββββ ββ ββββββ βββββββββ ββ βββββββ ββ ββ ββββββββββββ
It is a βββββββ βββββββ ββ βββββββ ββ βββ ββββββββββ ββββ βββββββ ββββββββ βββββββ ββ βββββββββββ βββββββββββ βββββββββ βββ ββββ ββ ββββββ βββ ββββ ββ ββββ βββ ββββββ βββββββββ βββββββ βββββββββ βββ ββββββββ ββββββ
It is a ββββββββββ βββ βββββ βββ βββββββββ ββββ ββ ββββββββ ββ ββββββββ βββββ βββββ ββ ββ βββ βββββ ββ ββββββ βββββββββ ββ βββββββ ββ ββββββββ
It is a βββββββ βββββββ ββ βββββββ ββ βββ ββββββββββ ββββ ββββββ βββββββββ ββ βββββββ βββββββββ ββββββββ ββββ βββββ βββββββββ ββββ ββ βββββββββ ββ ββββββββββ βββββββββββ β βββββββ ββββββββ