Reference Entry

real balance effect

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fifth edition

Published in print January 2017 | ISBN: 9780198759430
Published online January 2017 | e-ISBN: 9780191819940
real balance effect

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The effect on spending of changes in the real value of money balances. During inflation, as prices rise, the real

Reference Entry.  96 words. 

Subjects: Economics

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