Abstract
R. W. Hafer explains that the recent decline in inflation is the result of declining relative prices of energy and food and a concomitant drop in the trend rate of transactions money growth. Hafer notes that inflation, a persistent rise in the general level of prices, is related directly to the average long-run rate of money growth.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.