An economist writing in the Wall Street Journal stated that inflation is caused by a shortage of
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An economist writing in the Wall Street Journal stated that inflation is caused by a shortage of supply in relation to demand. The article suggested that busi¬
ness executives should try to maintain profits by increasing sales volume and reducing prices rather than by increasing prices. Evaluate this argument. LO6
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Related Book For 
Accounting The Basis For Business Decisions
ISBN: 9780070415515
5th Edition
Authors: Robert F. Meigs, Walter B Meigs
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