Question
How does Austrian theory define inflation? a. As an increase in consumer prices of less than 2% b. As an increase in the money supply
How does Austrian theory define inflation?
a. As an increase in consumer prices of less than 2%
b. As an increase in the money supply
c. As an increase in consumer prices
d. As an increase in the general price level
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ANSWER b As an increase in the money supply An increase in the supply of money works both through lo...
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
