Question
(5 points) A survey found that more and more Americans rely on credit cards. Is this survey finding equivalent to a decrease in money supply?
(5 points) A survey found that more and more Americans rely on credit cards. Is this survey finding equivalent to a decrease in money supply? Explain with words and graph.
(3 points)
b. Why predicting inflation is easier in the long run vs. short run
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
