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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 19
Your senators now claim that lowering prices would be good for everyone-"Who doesn't like lower prices, after all?" They tell you they plan to lobby for deflation. Explain why falling prices could lead to a bad situation.
Explanation
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The inflation is period to period increa...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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