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bedau bedau
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6 years ago
The term monetary impotence refers to the
A) failure of firms to lower prices even when wages are falling.
B) problems that an economy faces when industries are not perfectly competitive and prices do not fluctuate.
C) failure of fiscal policy to drive down prices in a depression.
D) inability of an increase in real balances to raise the level of output.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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6 years ago
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