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Explain why it is important that prices are flexible

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Reference no: EM132249052

1. Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

2. What is more appropriate to help stimulate economic growth; consumption or investment demand? What sector do you think our economy should look at stimulating, consumers or businesses? Explain your reasoning using the concepts of aggregate demand and supply.

Reference no: EM132249052

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