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If a nation desieres to have stable prices (or low inflation) Why not simply pass a law that prohibites firms from changing prices?

If a nation desieres to have stable prices (or low inflation) Why not simply pass a law that prohibites firms from changing prices? Explain the pros and cons associated with this case.

Suppose you are the chairperson of the Fed's Board of Governors at a time when the economy is depressed, and you are called to testify before a congressional committee. Write an explanation for an interrogaroty senator outlining how your expansionary acts would operate and what would be the effects on the economy?
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a nation desieres to have stable prices.doc

a nation desieres to have stable prices (or low inflation) Why not simply pass a law that prohibites
firms from changing prices? Explain the pros and cons associated with this case.
Ans:
a)
The...

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