Analyse the main costs of inflation

During the 1960's and 70's European governments, instituted various wage and price controls to reduce inflation. As the inflation grew, Governments perceived it as a greater problem. Within the UK, in the 1980's as the inflation was reaching double figures, voters claimed that it was "public enemy number one." consequently the prime minister, Margaret Thatcher, adopted various extreme measures to combat inflation, which resulted in massive industrial, and political unrest, along with mass unemployment. But …

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