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If Prices and Wages Adjusted Rapidly and Producers Could Quickly

question 154

True/False

If prices and wages adjusted rapidly and producers could quickly distinguish the difference between a change in the price level and a change in the relative price of their products, then an increase in the money supply growth rate would have at most a very short-lived affect on unemployment.


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The competency to order, determine outcomes, and demand conformity.

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The capacity to influence, control, or coerce the behavior of individuals, groups, or organizations, often seen within the framework of government and politics.

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The act of making an exact copy of something; reproduction of a document, data, or material.

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