How would you describe the consensus of economic thinking on anti-inflationary policies?
What will be an ideal response?
The basic issue is that money plays a central role. A specific country's economic and political situation may require heterodox measures to control runaway inflation, but these are likely to fail without demand (and money supply) restraint.
Economics
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The cross-price elasticity of demand for coffee and coffee-cream is likely to be
A) greater than zero. B) less than zero. C) zero. D) infinity.
Economics
Say's law states that
A) demand creates its own supply. B) the more supply there is, the lower prices are. C) supply creates supply. D) supply creates its own demand. E) none of the above
Economics