Between August 1945 and July 1946, the number of Hungarian pengos (the unit of Hungarian currency) in
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Between August 1945 and July 1946, the number of Hungarian pengos (the unit of Hungarian currency) in circulation increased by a factor of 12,000,000,000,000,000,000,000,000, while the price level increased by a factor of 4,000,000,000,000,000,000,000,000,000. Did the real value of the money supply increase or decrease?
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The real value of the money supply decreased signif...View the full answer
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Related Book For 
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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