Question
Over the last twenty years the money supply has increased at an average of 7% per year while the CPI has increased at an average
Over the last twenty years the money supply has increased at an average of 7% per year while the CPI has increased at an average rate less than 3% per year. How is this possible in the short run?What is the relationship between the money supply, the cost of living (CPI), and natural long run aggregate supply curve?
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
