Question
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. If
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. If the public believes the president, what will be the effect on interest rates and why? Draw a graph to illustrate your answer.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
