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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Explain the real balance effect.

To determine

Explain the real balance effect.

Explanation

The real balance effect explains that an increase in the price level will lead to a decrease in the purchasing power of an individual and i...

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