Which of the following is NOT an argument for a positive rate of inflation? a. It permits

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Which of the following is NOT an argument for a positive rate of inflation?

a. It permits real interest rates to be negative.

b. It increases the variability of relative prices.

c. It allows real wages to fall without cuts in nominal wages.

d. It would be costly to reduce inflation to zero.

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Brief Principles Of Macroeconomics

ISBN: 9780357133507

9th Edition

Authors: N. Gregory Mankiw

Question Posted: Feb 28, 2024 04:01 AM

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Which of the following is NOT an argument for a positive rate of inflation? a. It permits

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Brief Principles Of Macroeconomics

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