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The Regulation of Production
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agents of production agricultural amount average business cycle buyers cent circulating media combination commodity competition consumers cost of production curve decline decreasing cost deposits diminishing returns distribution dollars duction earnings economic economic rent effect efficient employed employers entrepreneurs expense exports fact factors of production fall farmers Federal Reserve Banks Federal Reserve notes fluctuations forces foreign ginal gold important increase industry investment labor and capital land less loans machine manufacturing marginal cost marginal productivity marginal utility ment monopoly normal price output payment period plant population price level productivity of labor profits purchasing power quantity railroad rate of interest raw materials reduced relatively rent result retail rise sell sellers social socialist sumers supply tariff taxation tend theory tion total unit cost trade unions variable agents wage-earners wheat wholesale workers