http://en.wikipedia.org/wiki/Money_illusion
However, this result is consistent with the 'Myopic Loss Aversion theory'.Furthermore, the money illusion means nominal changes in price can influence demand even if real prices have remained constant.
However, this result is consistent with the 'Myopic Loss Aversion theory'.Furthermore, the money illusion means nominal changes in price can influence demand even if real prices have remained constant.
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