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Boom and External Deficit
Recession and External Deficit
External Surplus and Full
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achieve appropriate balance of payments bank lending bank liquidity Bankers bond market bond prices bond rates boom borrowing budget budgetary and monetary budgetary measures budgetary policy calls to S.R.D.s capacity capital inflow cent central bank changes considerable deficit domestic economy effect excess demand exchange rate expansionary expected expenditure external balance flexible fluctuations full employment future high level hire-purchase import controls income tax incomes policy increase indirect tax inflation interest-rate policy internal and external J. O. N. Perkins L.G.S. ratio less level of activity level of demand loans macro-economic policy Melbourne ment Milton Friedman monetary and budgetary monetary measures monetary policy money supply non-bank credit November offset open-market operations overdraft rates overfull employment period permitted Policy in Australia probably problems rates under official reasonably recession reduce relative Reserve Bank result sales-tax savings banks sharp rise short-term spending stimulus tax rates tion trading banks University of Melbourne vary weapon