Principles and Problems of Modern Economics |
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Page 60
... inflation . Inflation we also regard as undesirable , although it is perhaps not as bad as extreme depression . The question of how much is the question whether we shall have boom or slump , or whether we shall be able to balance on the ...
... inflation . Inflation we also regard as undesirable , although it is perhaps not as bad as extreme depression . The question of how much is the question whether we shall have boom or slump , or whether we shall be able to balance on the ...
Page 203
... inflation . An inflation is caused by the simple fact that the demand for national income increases in relation to the supply . As we have seen in our discussion of supply and demand , this causes prices to rise , although as we have ...
... inflation . An inflation is caused by the simple fact that the demand for national income increases in relation to the supply . As we have seen in our discussion of supply and demand , this causes prices to rise , although as we have ...
Page 261
... inflation is a powerful tax collector although an invisible , capricious , and inequitable one , the taxation by inflation falling on fixed - income groups whose dollars command less real goods . Inflation , however , seems to be a more ...
... inflation is a powerful tax collector although an invisible , capricious , and inequitable one , the taxation by inflation falling on fixed - income groups whose dollars command less real goods . Inflation , however , seems to be a more ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers