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Business
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9 / 2374 |
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The first, called The Propensity to Consume, introduces the concept of the "Multiplier Effect", which can be briefly defined as the degree which localized government spending encourages subsequent localized reinvestment by its beneficiaries. The second, The Inducement to Invest describes the power of using interest rates in monetary policy to regulate the economy...
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The second, The Inducement to Invest describes the power of using interest rates in monetary policy to regulate the economy. The third, Money - Wages and Prices establishes the modern concept of nominal wages and prices (referred to as money-wages and money-prices respectively), both of which include inflation and the current market conditions in their relative valuation...
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