Who are the winners and losers in periods of inflation?
Answer to relevant QuestionsDraw graphs showing recessionary and inflationary gaps and explain how these gaps emerge. Real business cycle theory is not a theory about cycles. Explain. You have to have a workable investment project to make a profit. That's under your control. But political risk, which affects profitability of any project, is not under your control. Explain. What are the principal components of M1 and M2 money? What is the significance of calling the deposits you make in your checking account demand deposits?
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