Problems, Objections and Complications
In the two previous chapters we have considered alternative combinations of monetary and budgetary measures, with a view to deciding what sorts of combinations are most likely to enable an economy to minimise the rate of inflation, or at least the upward pressure on the price level, at a given level of activity; and also the type of mix that is most likely to raise activity with as little risk as possible of raising the price level.
KeywordsInterest Rate Monetary Policy Price Level Money Supply Government Spending
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