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Chapter 10. Price Flexibility and Automatic Full Employment
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Chapters in this book
- Frontmatter 1
- Preface 5
- Contents 7
- Chapter Ι. Macro-Economic Methodology-Introduction 9
-
Part I. Basic Functional Relationships
- Chapter 2. The Consumption Function 29
- Chapter 3. The Investment Function 44
- Chapter 4. The Liquidity Function 63
- Chapter 5. The Saving-Investment Adjusting Function 76
-
Part II. Dynamic Income Behaviour
- Chapter 6. The Multiplier and Income Fluctuations 93
- Chapter 7. The Dynamic Stability of Equilibrium 109
- Chapter 8. The Dynamics of Inflation 129
- Chapter 9. Income, Employment and International Equilibrium 144
- Chapter 10. Price Flexibility and Automatic Full Employment 159
-
Part III. Secular Economic Dynamics
- Chapter 11. Secular Macro-Economic Theorems 173
- Chapter 12. Capital Accumulation and Equilibrium 185
- Chapter 13. Domestic Growth and International Development 198
- Index 219
Chapters in this book
- Frontmatter 1
- Preface 5
- Contents 7
- Chapter Ι. Macro-Economic Methodology-Introduction 9
-
Part I. Basic Functional Relationships
- Chapter 2. The Consumption Function 29
- Chapter 3. The Investment Function 44
- Chapter 4. The Liquidity Function 63
- Chapter 5. The Saving-Investment Adjusting Function 76
-
Part II. Dynamic Income Behaviour
- Chapter 6. The Multiplier and Income Fluctuations 93
- Chapter 7. The Dynamic Stability of Equilibrium 109
- Chapter 8. The Dynamics of Inflation 129
- Chapter 9. Income, Employment and International Equilibrium 144
- Chapter 10. Price Flexibility and Automatic Full Employment 159
-
Part III. Secular Economic Dynamics
- Chapter 11. Secular Macro-Economic Theorems 173
- Chapter 12. Capital Accumulation and Equilibrium 185
- Chapter 13. Domestic Growth and International Development 198
- Index 219