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Different issues equal, a discount in worth results in a decrease amount equipped.
However different issues equal, worth by no means modifications. Worth at all times modifications as a result of different issues usually are not equal.
This tweet caught my eye:
That is an instance of what I name “reasoning from a worth change”. Don’t do it!
Most advocates of elevated housing development are proposing measures that may shift the availability curve to the proper, leading to each decrease costs and better output.
Reasoning from a worth change is a quite common mistake. You see Fed officers doing this after they speculate that larger bond yields would possibly gradual the economic system. Not if the upper bond yields mirror larger demand for credit score.
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