Discover and read the best of Twitter Threads about #nberday

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It's not #NBERday however I haven't done #NBERday for 2 weeks so now.... a belated #NBERday to you and yours!
Q: Are expensive cities expensive?

A: Expensive cities are not necessarily expensive.
Okay I put the question trollishly. Basically, what the paper really gets at is that people of different income levels *consume different things*. And the prices of those different things may vary systematically across different places. #NBERday
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