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Question
What is the effect of demonetisation on PPC in short run and long run?
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Solution
Dear student,
In the short run demonetisation would lead to under utilisation of resources. Accordingly, the economy would be operating at a point below the PPC.
In the short run demonetisation would lead to under utilisation of resources. Accordingly, the economy would be operating at a point below the PPC.
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