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- Newsgroups: sci.econ
- Path: sparky!uunet!usc!cs.utexas.edu!asuvax!ncar!noao!stsci!stsci.edu!jackson
- From: jackson@kaos.stsci.edu (Bob Jackson)
- Subject: Re: GM Plant Closures Again? Won't Solve the Economic Problems
- In-Reply-To: mkohlhaa@silver.ucs.indiana.edu's message of Thu, 17 Dec 1992 17: 42:42 GMT
- Message-ID: <JACKSON.92Dec17154850@kaos.stsci.edu>
- Sender: news@stsci.edu
- Reply-To: jackson@stsci.edu
- Organization: Space Telescope Science Institute
- References: <BzBpB7.6x7@usenet.ucs.indiana.edu> <Mf=sbt30BwwbI4Vvts@transarc.com>
- <BzEqMA.D9z@apollo.hp.com> <BzEzv6.HHA@usenet.ucs.indiana.edu>
- Date: Thu, 17 Dec 1992 20:48:50 GMT
- Lines: 9
-
- A naive question.
-
- If INFLATION is defined at the overall price level rising
- Then how can that occur without an increase in the money supply?
-
- For prices to go up, then incomes must go up in order to pay
- for the higher prices.
-
- In these scenarios, how does everyone's income increase in real term?
-