Explanation of economic stability

May 7th, 2015
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A term used to describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate. Economic stability is usually seen as a desirable state for a developed country that is often encouraged by the policies and actions of its central bank.

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Explanation of economic stabilityA term used to describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate. Economic stability is usually seen as a desirable state for a developed country that is often encouraged by the policies and actions of its central bank.Economic stability is important to keep the supply of essentials like food and shelter available and affordable so that people can survive. When an economy is drastically unstable, chaos usually occurs. People do not have enough food to eat and

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