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THE BACKGROUND OF MODERN
The Classical Economics
8 other sections not shown
action administrative aggregate demand American Economic Review amount automatic average balance of payments billion budget capital cent central bank changes classical Congress Consumer Price Index consumption function consumption spending cost countries currencies deficit demand curve devaluation developed discretionary discussion disposable income dollars economic activity economic growth Economic Report economists effect example expenditures Federal Reserve finance firms fiscal policy flexibility full employment funds gold standard government spending Gross National Product Ibid important industry inflation inflationary pressure interest rate investment involved Joint Economic Committee Keynes Keynesian labor force liquidity ment monetary policy Money and Credit money supply money wage national income nomic open market operations operations outflow output period political postwar poverty President price increase price level problem production public policy recession reduced rise short-term stabilizers tax cut theory tion trade Treasury unem unemployed unemployment United velocity Wholesale Price Index workers