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Tariffs, non-traded goods and imperfect competition are all reasons why a. the quantity theory of money may not hold in the short run b. relative
Tariffs, non-traded goods and imperfect competition are all reasons why
a. | the quantity theory of money may not hold in the short run | |
b. | relative PPP may not hold even if the quantity theory of money is true | |
c. | the quantity theory of money may not hold even if relative PPP is true | |
d. | absolute PPP may not hold in the short run |
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