Money and Banking: An Introduction to the Financial System |
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Page 474
... forces run into these bottlenecks . Thus , we may very well find price in- creases in some segments of the economy while at the same time other segments are still only partially employed or even in a very depressed condition . As more ...
... forces run into these bottlenecks . Thus , we may very well find price in- creases in some segments of the economy while at the same time other segments are still only partially employed or even in a very depressed condition . As more ...
Page 502
... forces lying behind the supply of and demand for goods . Thus , a change in the quantity of money would affect the ... forces . The emphasis , however , was changed from concern with long - run forces affecting economic life to a ...
... forces lying behind the supply of and demand for goods . Thus , a change in the quantity of money would affect the ... forces . The emphasis , however , was changed from concern with long - run forces affecting economic life to a ...
Page 702
... forces unleashed to lower the general price level ( and with it the level of wages ) suc- ceeded only in fomenting the General Strike of 1926. One lesson garnered from the experience in this period is that the par value of currencies ...
... forces unleashed to lower the general price level ( and with it the level of wages ) suc- ceeded only in fomenting the General Strike of 1926. One lesson garnered from the experience in this period is that the par value of currencies ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect equilibrium excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities hold important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York