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notesasdf - Changing from holding asset in liquid/money...

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Assume that price is fixed Assume government spending is fixed As price levels decrease, the money in your pocket can buy more Value of money now higher, makes you feel wealthier Don’t need as much money for goods and services, hold less money in pocket
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Unformatted text preview: Changing from holding asset in liquid/money form to material Pessimism/optimisim toward economy can affect how you consume...
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