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THE ATTRIBUTES OF INFLATION
The Meaning of Inflation 3 Adverse Effects 5 What Rate
Convertibility 13 SixteenthCentury Europe 14 Moderate Infla
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accept asking prices balance balance-of-payments deficits benefits borrowers capital central bank consumer debt decline deflation demand management depreciation domestic economic economists effects equilibrium equity example exchange expansion expected expenditures exports external reserves factor returns factors of production Fearsome Dilemma finance firms Fund gold important industry inflation International Monetary Fund issues key currency key-currency country Keynesian labour limited loans major material means measures ment model of pure monetarism monetarist monetary policy money income money supply monopolistic competition nominal nominal interest rates offer Parkinson's Law percent practice price increases problems productive purchasing pure competition pure profit quantity theory rate of inflation real income real output reason reduce relatively retail revenues rise risk premium SDR's section of Chapter seller selling prices Special Drawing Rights spending stream strategy substantial techniques tion U.S. dollar unemployment wages