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Long-run link between money and output

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-Most economists and nearly all central bankers seem to think that inflation is costly. But the quality theory asserts that there is no long-run link between money and output, nor between inflation and output. Can inflation be costly if the quantity theory is true? Explain

-Rich people tend to hold more money than poor people; so is the inflation tax fair? Why or Why not?

Reference no: EM132795231

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