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  • Money and Inflation

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    Abdul Mateen
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    Inflation is caused by an increase in the money supply in the classical theory of inflation. This leads to higher prices as markets adjust in the long run. The social costs of inflation include uncertainty and redistributions of wealth.

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    BY ABDUL MATEEN

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    Inflation is caused by an increase in the money supply in the classical theory of inflation. This leads to higher prices as markets adjust in the long run. The social costs of inflation include uncertainty and redistributions of wealth.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    Money and Inflation

    Uploaded by

    Abdul Mateen
    Inflation is caused by an increase in the money supply in the classical theory of inflation. This leads to higher prices as markets adjust in the long run. The social costs of inflation include uncertainty and redistributions of wealth.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Money and Inflation The classical theory of inflation causes effects social costs Classical -- assumes prices

    are flexible & markets clear. Applies to the long run.

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