Titlebook: Keynes and Economic Policy; Walter Eltis (Economic Director, Fellow),Peter Sin Book 1988 National Economic Development Office 1988 economi

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嘲笑

Interest Rates and the Conduct of Monetary Policythought of as a relative price. It was determined by the workings of the economy so as to effect the allocation of currently available resources between the production of goods for current consumption and the production of goods which would allow future consumption. After the ., it was thought of as

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配偶

種族被根除

Insensate

CHYME

instulate

Interest Rates and the Conduct of Monetary Policyen the production of goods for current consumption and the production of goods which would allow future consumption. After the ., it was thought of as a variable which could, subject to a lower bound set by the liquidity trap, be manipulated by monetary policy so as to affect the level of economic activity and the unemployment rate.

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The Role of Demand Management in the Maintenance of Full Employmentns can be helpful in reducing the magnitude and duration of departures of employment and output from their full equilibrium levels. An influential expression of this point of view — the activist demand-management position — was provided by Patinkin (1951).

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