One problem with hyperinflation is that it reduces economic growth, both through resource misallocation and by reducing

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One problem with hyperinflation is that it reduces economic growth, both through resource misallocation and by reducing saving and investment.
a. Why does hyperinflation cause misallocation of resources?
b. Why does hyperinflation reduce saving and investment?
c. What effects do the misallocation of resources and reduced saving and investment have on economic growth?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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