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"We now have the worst of both worlds—not just inflation on the one side or stagnation on the other, but both of them together. Banks usually hold more than this minimum amount, keeping excess reserves. (2002). "Macroeconomics" (5th ed.). Worth. Cite journal requires |journal= (help) Measurement of inflation is discussed in Ch. 2, pp. 22–32; Money growth & Inflation in Ch. 4, pp. 81–107; Keynesian business cycles and inflation in Ch. In the sixth edition of Economics, Samuelson (1964) added a "new chapter on the theory of growth." Samuelson drew on the work on growth theory of his younger colleague Robert Solow (1956)—an indication that growthmanship was taking an… Textbook: Macroeconomics by Andrew B. Abel, Ben S. Bernanke, and Dean Croushore, 8th edition. While some find the word “macroeconomics” intimidating, we will actually learn.

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