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Introduction and a Few Definitions
15 other sections not shown
activity aggregate demand aggregate demand schedule aggregate supply aggregate supply curve balance of payments Bretton Woods Bretton Woods system business cycle called capital cause classical commodity market consumers consumption function cost create defined definition demand curve demand for money dollar econ economists economy effect equation exchange rate expansionary expectations financial assets fiscal policy foreign exchange Friedman gold standard government expenditure growth Hence higher interest rate hypothesis important interest rate international monetary investment IS-LM Keynesian labor level of income liquidity trap LM curve loanable funds medium of exchange ment monetarists monetary policy monetary rule monetary system money supply Obviously Phillips curve policy action policy makers price controls price index price level price of gold quantity demanded quantity supplied quantity theory real GNP saving sector slope stability Suggested Additional Reading supply curve surplus terms of Figure tion total product variables velocity of money wage rate