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adjustment agents aggregate demand American Economic Review assumed balance base money behavior bonds budget capital stock central bank changes classical commodity consumption cost countries currency current account debt neutrality deficit deposits depreciation determined dollar economists effects endogenous equations equilibrium equity example exchange rates exogenous expected Federal Reserve fiat money financial intermediaries fiscal policy Fisher foreign full employment function future growth holdings income increase inflation inflation rate investment Irving Fisher Journal Keynes Keynesian labor long-run macroeconomic marginal productivity markets ment Monetarism monetarist monetary policy NAIRU neoclassical nomic nominal interest rates open market operations optimal output parameters path percent period Phillips curve portfolio price level quantity rate of return rational expectations real interest rates real rate relative risk Samuelson saving sector shocks short-run simulations stability substitutes theory tion Tobin trade transactions unemployment United utility variables wages and prices wealth zero
JSTOR: Essays in Economics: Theory and Policy
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