Business, 05.12.2019 18:31 zappygal923

Suppose that a new federal reserve administration inspires greater public confidence in a stable inflation rate, and citizens begin to expect lower prices five years in the future. as a result, prices and nominal wages fall in the present and remain low, while gdp and real wages fall for a few months but then return to normal. true or false: this economy is well described by classical economics.

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