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Quantity of Money and the Price Level
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absorption of gold amount assets balance of payments bank advances Bank of England Bank of France bank rate banking system borrowing Britain capital outlay cause cent central bank cheap money commodities contraction costs credit relaxation credit restriction crisis currency unit dealers debt deflation demand for gold deposits disparities dollar effect employment equilibrium expansion export external investment fall of prices favourable Federal Reserve Banks foreign exchange foreign exchange market foreign trade products glut of capital gold as money gold standard gold-standard countries Government securities hoarding idle imports increase industries inflation inflow of gold internal price level investment market issues labour limited London manufacturing ment milliards monetary national income normal open market purchases output primary products profits programme proportion purchasing power railway mania rediscount reduced reduction of wages result revival rise of prices savings shrinkage of demand supply suspension tends tion trade depression vicious circle world price level