d. A fall in the aggregate price level increases the purchasing power of households and firms money

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d. A fall in the aggregate price level increases the purchasing power of households’ and firms’ money holdings. As a result, they borrow less and lend more.

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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Question Posted: Oct 03, 2024 06:02 AM

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d. A fall in the aggregate price level increases the purchasing power of households and firms money holdings. As a result, they borrow less and lend more.
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d. A fall in the aggregate price level increases the purchasing power of households and firms money

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Essentials Of Economics

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