Business, 14.12.2019 04:31 jeniferfayzieva2018

According to the real balances effect, when the price level: falls, cash is worth less and therefore people buy less. falls, cash is worth more and therefore people buy more. rises, cash is worth less and therefore people buy more. rises, cash is worth more and therefore people buy less.

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According to the real balances effect, when the price level: falls, cash is worth less and therefor...

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