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Demand and Supply
hi Money Output and Prices in the Short Run
8 other sections not shown
adaptive expectations adjustment argued argument assets authorities average bank bargaining capital cent p.a. Chapter commodity composite commodity controls cost-push countries currency demand for money deposits devaluation discussed economy effect employers equilibrium escalation excess demand exchange rate exemption level expected price expenditure exportables factors fall fixed fixed exchange rate forecast gear growth hyperinflation implies incomes policies increase inflation rate inflationary process initial investment labour market less level of unemployment liable London margins ment monetarist monetary expansion monetary policy money supply money terms money wages natural rate nominal interest rates normal output payments ployment price expectations price level price of imports price-level uncertainty problem profits quantity of money raise rate of inflation rate of unemployment rational expectations real income real interest rates real wages reasons reduce real relative prices relevant response rise Sources and Further tend terms of trade tion trade unions trend unem unemployed