Quarterly Journal of Austrian Economics
Author:
Arkadiusz Sieroń
Online Publish Date:
in packaging. Based on our analysis, we claim that an expansionary monetary policy may cause a decline in quality (quantity) of produced goods and services if way, the increase in money supply may have, ceteris paribus , a negative impact on innovativeness of entrepreneurs who, instead of improving the quality of products So what do sellers do? In many cases the rescue comes through technological innovation, which allows a cheaper production of the product, thus neutralizing or