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if the economy was running with ideal conditions, inflation wouldn't be blurring the price signals. if prices and wages rise at a consistent 15% then people could shift their expectations. as an example, if the price of eggs increased by 15% and the price of the input chicken feed also rose by 15%, the sellers should know that the real price of eggs has not changed. the market equilibrium price and quantity has not changed. in the real world why does inflation actually result in shortages and surpluses?
Sagot :
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