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+ The Optimum Quantity of Money
PostWar Trends in Monetary Theory
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additional adjusted amount analysis assets average banks behavior bonds capital cash balances cent consistent constant consumption contraction correlation cost course currency cycles cyclical decline demand deposits depression desired determined deviation direction dollar earlier economic effect empirical equal equation estimates evidence example expansion expected expenditures explain factors function given gives growth Hence higher hold important income increase individual inflation influence initial interest interest rates interpretation lead less lower magnitudes major means measured monetary policy money stock months movements nominal output pattern peak period permanent positive price level production quantity of money rate of change ratio real income reason reference regarded relation relative Reserve rise role stability standard step stock of money studies suggested supply tend theory trend trough turn United variables velocity wealth World yield