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Monetarist views on inflation
Inflation and the labour market
Natural resources and inflation
5 other sections not shown
adjustment aggregate demand aggregate supply curve analysis assumption average Bank Bank of England capital cent century commodity consumers cost-unit costs countries currency deficit determined distribution econometric effective demand entrepreneur equation equilibrium excess demand exchange rate expansion expectations expenditure factors fall firms fiscal policy foreign exchange foreign exchange market Friedman full employment given gold higher important industry inflationary interest rates inventories investment Keynesian labour market level of output long-run macroeconomic manufacturing marginal mark-up monetarist monetary policy money illusion money stock money supply money wage rate NREM output and employment period Phillips curve price changes price level Price Revolution price rises prices and output production profits proportion quantity of money Quantity Theory rate of change rate of growth rate of inflation raw materials real wage rate relationship result retail prices role short-run stability trade unions unemployment variables