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Discuss about the inflationary bias in the economy
As the costs are lower, there is a greater incentive for the government to expand the money supply. Agents perceive this and so anticipate a faster growth rate of the money supply, and hence expect higher inflation. The optimal response for the government is then to produce this higher level of inflation. In equilibrium there is now a greater level of inflationary bias in the economy.
What are the main sources of European Law? There are three main sources of EU (European) law: a. Primary legislation: It is the Treaties of Rome and Paris that initial
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United Nations Convention on the Law of the Sea The rights over the sea were extended by the United Nations Convention on the Law of the Sea (UNCLOS) adopted in 1982. The UNCLO
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