3 People are poor because they don't have very much money. Yet central bankers keep money scarce....

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3 "People are poor because they don't have very much money. Yet central bankers keep money scarce. If poor people had more money, poverty could be eliminated."

Explain the confused thinking this statement reveals and why it is misleading.

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Macroeconomics Private And Public Choice

ISBN: 9780123110718

3rd Edition

Authors: James D Gwartney

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Question Posted: Oct 25, 2024 05:01 AM

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3 People are poor because they don't have very much money. Yet central bankers keep money scarce....

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Macroeconomics Private And Public Choice

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