Practical Application: As the last living believer in the crude quantity theory of money, you need to
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Practical Application: As the last living believer in the crude quantity theory of money, you need to deal with a ruinous annual deflation rate of 10 percent. What simple economic measure would you take to end the deflation?
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There are two possible answers 1 If the price level is falling by 10 percent a y...View the full answer
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