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Recently, a lot of political commentary has focused on price inflation. Price inflation is normally considered bad for consumers because it means that they receive
Recently, a lot of political commentary has focused on price inflation. Price inflation is normally considered bad for consumers because it means that they receive fewer goods for each dollar they spend. Price inflation is currently higher than normal. The current President is a Democrat. Suppose a survey asked Americans whether they think inflation is higher or lower than normal. Would Bullock et al (2015) expect more Republicans or Democrats to say inflation is higher than normal
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