6 Monetarists believe that economic instability is almost exclusively the result of er- ratic fluctuations in the
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6 Monetarists believe that economic instability is almost exclusively the result of er- ratic fluctuations in the money supply. Monetary acceleration initially leads to a higher real income, but inflation will eventually result. Responding to the inflation, the mone- tary
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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