According to the quantity theory of money, the government controls inflation through the supply of money. a.
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According to the quantity theory of money, the government controls inflation through the supply of money.
a. Does that mean that the government can stop inflation if it wants to do so?
b. What reasons might government have not to stop inflation? (Austrian)
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a Many Austrians believe that if the government kept a very low profile ...View the full answer
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