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Inflation and Market Structure 1967-1973

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NBER1974-02-01 更新2025-01-04 收录
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A variety of theories have been offered to explain why prices generally respond so little to declines in demand, and do so now less than formerly. Most of these center around a dependence of prices on costs, or the anticipated trend of costs, and a greater disregard for short-run changes in demand.

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1974-02-01
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