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adjustment aggregate analysis argued Attwood Banking School Bullionists capital cause central bank circulation classical coefficient commodities cost cost-push Currency School David Ricardo deflation deposits depreciation determined economists effects equation equation of exchange equilibrium level excess demand exchange rate fall Friedman full employment gold Henry Thornton Hume hypothesis income increase inflation rate inflationary interest rates Irving Fisher Keynes Knut Wicksell labor loan demands loan rate long-run market rate mechanism ment mone monetarist monetary changes monetary expansion monetary growth monetary policy money growth money stock money supply natural rate neutrality of money nominal rate nonneutrality output and employment paper Phillips curve price changes price expectations price level production profit purchasing power quantity of money quantity theory rate of inflation rate of interest ratio rational expectations real bills doctrine real output real rate relative prices result Ricardo rise short-run stability Thornton tion trade trade-off velocity wages Wicksell Wicksellian
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John Smithin - 2007 - Journal of Post Keynesian Economics
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