Figure 3. The temptation to stimulate a zero-inflation economy
(m'=1.0)
A. objective function
B. relative price distortion
C. markup
1.04 1.06 1.08
D. po
Figure 3. The temptation to stimulate a zero-inflation economy
(m'=1.0)
A. objective function
B. relative price distortion
C. markup
1.04 1.06 1.08
D. po