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    Principles of Macroeconomics
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    Exam 16: Inflation and Unemployment
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    Use the Theory Behind the Equation of Exchange to Demonstrate
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Use the Theory Behind the Equation of Exchange to Demonstrate

Question 79

Question 79

Essay

Use the theory behind the equation of exchange to demonstrate that "inflation is always and everywhere a monetary phenomenon."

Correct Answer:

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Answered by ExamLex AI

The equation of exchange is a fundamenta...

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