Principles and Problems of Modern Economics |
From inside the book
Results 1-3 of 82
Page 376
... standard becomes incompatible with policies to maintain full employment . The gold - standard adjustment would work well in an economy where prices were flexible and the problem of protracted underemployment was not severe . This means ...
... standard becomes incompatible with policies to maintain full employment . The gold - standard adjustment would work well in an economy where prices were flexible and the problem of protracted underemployment was not severe . This means ...
Page 382
... standard ; they did not have enough gold . During the interwar period they tied their currencies to those that were on the gold standard . They counted , as part of their gold reserves , deposits that their banks had in countries where ...
... standard ; they did not have enough gold . During the interwar period they tied their currencies to those that were on the gold standard . They counted , as part of their gold reserves , deposits that their banks had in countries where ...
Page 386
... standard . The U.S. Goes Off the Gold Standard Except for a time during World War I , the United States remained on the gold standard from 1900 to 1933. The dollar was defined in terms of gold and was freely convertible . In 1933 , the ...
... standard . The U.S. Goes Off the Gold Standard Except for a time during World War I , the United States remained on the gold standard from 1900 to 1933. The dollar was defined in terms of gold and was freely convertible . In 1933 , the ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
Common terms and phrases
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