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MONEY IN A NEOCLASSICAL PERSPECTIVE
MONETARY DISTURBANCES AND BUSINESS
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100 per cent absolute price level amount assets automatic Bank of England bank reserves brick cash balances cent gold cent reserves changes circulating medium coinage commercial banks commodity standard commodity-reserve composite commodity countercyclical currency cyclical decline demand deposits discretionary discussion dollar economic economists effect equilibrium exchange Federal Reserve banks Federal Reserve System fiat money fluctuations fractional-reserve fractional-reserve banking Friedman goal gold coin standard gold standard important increase inflation interest rate issues lags liabilities loans measures member banks ment Milton Friedman modity mone monetary authority monetary policy Monetary Stability monetary system money income money supply notes open-market operations Patinkin payments political present price index price level problem production Program for Monetary proposal quantity of money rate of interest reason reserve requirements result rise rule securities seigniorage shifts silver specie stable monetary growth stock of money tary tion Treasury underemployment equilibrium velocity Warburton weight