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When prices fall and the cash balances that you hold in your wallet are worth more, you are able to spend more. This is described
When prices fall and the cash balances that you hold in your wallet are worth more, you are able to spend more. This is described by the When prices fall and the cash balances that you hold in your wallet are worth more, you are able to spend more. This is described by the nominal income effect. interest rate effect. foreign trade effect. real balances effect
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
