The actual or “administered” prices (oligopoly, monopsony, and monopoly elements) would not be the “asked” prices, were they not “validated” by M*Vt (money X’s velocity), i.e., “validated” by the world’s Central Banks.
That's my point. The demand or supply shock change in equilibrium relative prices (when some are sticky downward) is not validated by additional inflation markets, don't clear
The actual or “administered” prices (oligopoly, monopsony, and monopoly elements) would not be the “asked” prices, were they not “validated” by M*Vt (money X’s velocity), i.e., “validated” by the world’s Central Banks.
That's my point. The demand or supply shock change in equilibrium relative prices (when some are sticky downward) is not validated by additional inflation markets, don't clear