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picture1_The Undercover Economist Pdf 127983 | Ftcc2007


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File: The Undercover Economist Pdf 127983 | Ftcc2007
UNDERCOVER ECONOMIST May 11, 2007 5:51 pm Undercover Economist: For better or worth By Tim Harford The price of the first serving of Coca-Cola was five cents in 1886, which ...

icon picture PDF Filetype PDF | Posted on 13 Oct 2022 | 2 years ago

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...Undercover economist may pm for better or worth by tim harford the price of first serving coca cola was five cents in which is about a dollar p today s money coke no longer sells nickel and that not terribly surprising what it took more than years to change economists call this nominal rigidity my salary tweaked each month reflect latest inflation figures neither yours restaurants do reprint their menus nor wholesale companies catalogues if cost inputs changes penny might be problem prices keep economy running smoothly adjusting demand underlying costs production don t adjust any reason then economic consequences could serious wages can fall recession people will lose jobs instead when does sales collapse with much same effect clearly an exceptional example rigid daniel levy andrew young who analysed case report stayed at while other products bounced all over place sugar tripled after world war before falling back somewhat six decades coffee went up eightfold itself taxed as medicine s...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 13 Oct 2022 | 2 years ago
										
										
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