In periods of inflation, any attempt by the Fed to increase real GDP through increases in the

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"In periods of inflation, any attempt by the Fed to increase real GDP through increases in the money supply ends up increasing only the rate of infla tion." What school of economists makes this point? How do they make their argument?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:47 AM

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In periods of inflation, any attempt by the Fed to increase real GDP through increases in the

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The Feds idea can be stated thus An increase in the money supply causes the inte...View the full answer

Principles of Economics

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