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Wage Subsidies as a Remedy for Unemployment
The Quantitative Aspects of the Full Employment
Employment Policies and the Problem of Inter
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amount annual assumed assumption average balance of payments bank capital expenditure cent Central Government consumption cost curve deficit demand for labour devaluation distribution dividends domestic earnings economic effects efficient elasticity employers enterprises equilibrium equipment estimate exports factors fall full employment policy gross gross national product growth of productivity higher important income tax incomes policy indirect taxes industries inflation interest rates investment labour levied marginal productivity measures ment method millions monetary policy money wages national income operation outlay output pay-off period percentage point of view post-war pre-war problem profits tax progressive taxation proportion raised rate of growth rate of increase rate of interest rate of profit rates of taxation ratio reduce relation relatively result revenue salaries savings scheme secure share social Table theory tion trade underdeveloped countries undistributed profits value-added tax wage subsidies wealth tax yield