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The International Impact of Cyclical Movements
Foreign Trade and the Balance of Payments 1952
A Reconsideration of the Economics of the Inter
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1o per cent adjustment agricultural areas average balance of payments bancor Britain capital Chile commodity reserve consumers consumption cost currency deficit demand developed countries Direct taxes distribution dollar domestic investment earners earnings economic elasticity employment exchange rates expansion expenditure fluctuations foreign free market German gold Government gross national gross national income gross national product guaranteed Havana Charter importing countries income effects increase Indirect taxes industrial inflation inflationary labour manufactured market prices mean price ment million monetary money wages national income operation output particular percentage period policies primary products problem profits property income proportion purchases quotas rate of growth real income real wages reduction relative requirements reserve currency restrictions result rise salary scheme sector self-employed stabilising stocks subsidies supply surplus Table taxation tend terms of trade tion transactions U.S. dollars under-developed countries United United Kingdom Wheat Agreement world trade