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QUANTITY THEORY OF THE CHICAGO SCHOOL
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absolute prices accounting prices aggregate analysis assumed assumption bond holdings cash balances change in prices commodity markets consumption demand curve demand for commodities demand for money determined dichotomy dishoarding economy entrepreneurs equation of exchange ex ante equality ex post excess demand functions expected Fisher Fisher's equation hoarding Ibid increase individual inflationary gap initial money balances J. M. Keynes J. R. Hicks Keynes Koopmans latter liquidity preference monetary equilibrium monetary theory money illusion money prices money rate money unit Myrdal's natural rate neoclassical output Patinkin price changes price level prices and initial production quantity of money quantity theory rate of interest real balance effect real capital real income real value relationship relative prices remain constant rise in prices Say's law secondary liquidities speed of inflation spending supply theory of money unchanged value theory value-change variables velocity wages Walras Wicksell Wicksellian zero