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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
Edition 12ISBN: 978-1133189022 Exercise 39
A ''pure'' inflation (in which all prices change by the same amount) should not have any real effect on firms' decisions. Use Equation together with the theory of input demand from Chapter 13 to explain why this is so for firms' decisions about how much capital to use. 
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A ''pure'' inflation will not affect the...
Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
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