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THE PURE THEORY OF MONEY
The Pure Theory of Money Production Under Alternative
THE PRODUCTION AND CONTROL OF MONEY
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aggregate demand aggregate supply amount assets assumed balance of payments billion borrowing cash balances central bank classical commercial banks commodity constant consumption function cost currency curve deficit demand deposits demand for money determined discussion dollar effect equal equation equilibrium excess legal reserves exchange rate exports factors Federal Reserve Bank Federal Reserve System Figure fiscal policy foreign exchange full employment given gold government expenditures hold important increase inflation interest rate Keynes Keynesian labor level of income LM function loans macroeconomic marginal propensity measured member banks ment Milton Friedman monetarists monetary base monetary policy money balances money supply money wage multiplier national income output percent period price level production purchase quantity of money quantity theory rate of interest ratio real wage receipts reduce relative result rise saving Say's law sector short-run stability tion transactions Treasury United variable velocity wage rate