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    History A-Level

    Contemporary economic thought and puzzlement

    What Contemporary economic thought and puzzlement means in History A-Level, as defined for Pearson Edexcel.

    Definition of Contemporary economic thought and puzzlement

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    Reference: Pearson Edexcel

    Observers found inflation new and puzzling because they expected stable or customary prices, and they blamed debased coinage, bad harvests, demand from the Indies, monopolies and speculation.
    Pearson Edexcel · Paper 3, Option 32: The Golden Age of Spain, 1474–1598 - 3 The price revolution and its impact, c1500–c1570 (study guide)

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