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Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Hannah's wage has risen to $56.00 per hour. The price
Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Hannah's wage has risen to $56.00 per hour. The price of a digital movie rental is $14.00 and the price of a Americano is $8.00. In 2017, the relative price of a digital movie rental is1.75 Americanos . Between 2012 and 2017, the nominal value of Hannah's wage , and the real value of her wage
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
