Macroeconomics (Book Only)
Macroeconomics (Book Only)
12th Edition
ISBN: 9781285738314
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 10.1, Problem 2ST
To determine

Self regulating and the prices and wages flexibility.

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In a country, inflation is going up. What are the implications of this? What measures can be taken to solve this problem?
Discuss how to control or reduce the Inflation and Unemployment.
Why do you think it is important that prices are flexible in our economy? Do you think they reflect the true price of what buyers and sellers are asking in the market?
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