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Page 203
... inflation be- cause he has borrowed money worth some 50 bushels of wheat and pays back his loan— with interest - in money worth only 26 bushels of wheat . Debtors , in general , gain from unanticipated inflation because they repay their ...
... inflation be- cause he has borrowed money worth some 50 bushels of wheat and pays back his loan— with interest - in money worth only 26 bushels of wheat . Debtors , in general , gain from unanticipated inflation because they repay their ...
Page 206
Stephen L. Slavin. Profit - push inflation Supply - side cost shocks Inflation takes on a life of its own . and power of U.S. labor unions have been sharply declining , so the wage - price spiral would serve today , at best , as a ...
Stephen L. Slavin. Profit - push inflation Supply - side cost shocks Inflation takes on a life of its own . and power of U.S. labor unions have been sharply declining , so the wage - price spiral would serve today , at best , as a ...
Page 207
... inflation is like being a little pregnant . -Leon Henderson The German inflation To stop inflation , then , we need to convince workers , businesspeople , and consumers that prices will stop rising . If we can do that , prices will stop ...
... inflation is like being a little pregnant . -Leon Henderson The German inflation To stop inflation , then , we need to convince workers , businesspeople , and consumers that prices will stop rising . If we can do that , prices will stop ...
Contents
About How Do We Use This Book | 1 |
The American Economy from 1900 through World | 7 |
Building Capital | 69 |
Copyright | |
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aggregate demand aggregate supply American answer ATC curve autonomous consumption average banks borrow budget deficits business firms butter capital cars chapter competition consumer consumer surplus copiers corporate decline demand curve disposable income dollars earned economists elastic equilibrium price Federal Reserve Figure firm's foreign full employment graph guns happen income tax increase induced consumption industry inflation interest rates investment Japanese Keynes Keynesians labor land less long run lower marginal utility million monetarists money supply monopolistic competitor monopoly output percent percentage perfect competitor plant and equipment President problem production possibilities production possibilities frontier quantity demanded quantity supplied question real GDP recession rent rise savings sell short run South Korea statement is true supply and demand supply curve surplus Table tax rate total profit trade trillion unemployment rate Union United VCRs wage rate workers