Microeconomics

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Title: Microeconomics

Essay Details:

Subject: Miscellaneous

Author: Michael S

Date: July 20, 2016

Level:

Grade: A

Length: 2 / 333

Essay text:

The federal reserve has set up an unprecedented credibility in the financial markets as an inflation fighter. Also intense global competition limits the pricing power, despite rising production costs. Technology has slowed the growth rate of labor input costs incurred while producing a unit of output. And the information highway (internet) has also played its role in giving some pricing power to the people by enabling them to go right to the source for what they need rather than dealing with retailers. This new found system is very beneficial to the economy. Price stability gives companies more confidence and may make it easier for them to plan for the future...

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