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The role of moneyThe role of the rate of interestThe Keynes
THE AGGREGATIVE STRUCTURE
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adjustment aggregate demand aggregative structure analysis analytical argument asset prices assumed assumption average period behavior bonds Central Bank changes Chapter Classical Clower commodities comparative static concept considered consumer consumption consumption function context demand for money demand price discussion disequilibrium dynamic economic economists efficiency of capital elasticity equilibrium excess demand excess supply full employment function future given Hicks households implies income income-expenditure model individual interest rate interpretation intertemporal issue italics added J. R. Hicks Keynes Liquidity Preference long rate marginal efficiency ment monetary policy monetary theory money illusion money prices money wage non-money assets output Patinkin postulate present value price level problem production pure quantity rate of interest real balance regarded relative prices relevant saving Say's Law sellers short-run speculative standard stream theoretical theorists tion tive trading transactors Treatise Value and Capital value theory variables vector Walras wealth effect yield zero