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Prices and the Laws of Exchange Introduction The
Employment and the Price Level Introduction
The Keynesian Theory of Inflation Introduction
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adjustment aggregate aggregate demand analysis assets assumed bank deposits behaviour capital Chapter competitive consumption curve debt defined demand for money depend determined discussion earnings effect equilibrium equity excess demand exchange economy existence expected profits expenditure firm full employment given Government hyper-inflation important income velocity incomes policy industry inflation inflationary interest rates investment Keynesian level of money level of profits level of real level of unemployment liquidity liquidity preference means of payment ment money income money supply neo-classical nominal money non-bank intermediaries organized labour output personal sector portfolio price increase price level problem productivity profit maximizing proportion Quantity Theory rate of growth rate of interest real balances real income relation relative result shift short period simple spending units stability stock of money store of value supply of money tion United Kingdom velocity of money wage and price wage drift wage increase wealth wealth effect