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Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What are the effects of each of the following on real money demand and the current price level? Explain in words.
(a) A temporary increase in government purchases.
(b) A reduction in expected inflation.
Contribution and indemnity Generally the trustees are jointly and severally liable to the beneficiaries and a trustee sued may claim contribution from the others where although
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