Exam (elaborations)
Econ 103 Final Boudreaux Questions with Correct Answers
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What is the real cash balance effect? And what example did Boudreaux use in class? The real cash balance effect is what tells us the real value of money depends on the amount of real things it can buy. Boudreaux's example is Mr. Lee making trillions in America and then deciding to burn all of his ...
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