In an article in the American Free Press, Professor Peter Spencer of York University in England is
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a. What is price deflation?
b. What does Professor Spencer mean by the statement, "this printing of money 'will keep the [deflation] wolf from the door'"?
c. Why would deflation cause "shoppers to hold back," and what does Evans-Pritchard mean when he says, "Once this psychology gains a grip, it can gradually set off a self-feeding spiral that is hard to stop"?
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a Price deflation occurs when the price level declines f...View the full answer
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