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KEYNES ON UNDEREMPLOYMENT EQUILIBRIUM
HARROD ON THE TRADE CYCLE
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acceleration principle amount bank credit bank reserves billion bonds boom British business cycle cause cent changes Colin Clark consumers consumption costs countries debt decline definite deflation demand deposits depreciation depression depression period disequilibrium dollars durable economic effect equal equation equilibrium exchange exchange stabilization funds expansion expenditures factors factors of production fall Federal Reserve banks financed flow fluctuations forced saving foreign France full employment Germany gold standard Harrod Hayek hoarding important increase industries inflation investment Keynes Keynes's labor loans marginal efficiency member banks ment method monetary money supply Moreover national income nomic outlets output payments period preferential price level problem process of production prospective rate prosperity purchasing power rate of interest rate of profit raw materials recovery reduced retail rise Social Credit stability sumers tariff tend theory Thesis Number tion trade cycle Unemployment Reserve Fund United volume