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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 37
When asked for investment advice, humorist Will Rogers joked that people should "[b]uy land. They ain't making anymore of the stuff." Explain his advice in terms of the supply and demand model.
Explanation
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The supply of land is fixed and there is...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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