If policymakers were trying to decrease output in a period of continuing inflation, would the existence of

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If policymakers were trying to decrease output in a period of continuing inflation, would the existence of the Pigou Effect have any impact? Can you explain, under these circumstances, how the redistribution effect and the expectations effect might affect the economy?
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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