IAS (Admin.) Mains Economics Money - Banking and Finance-Demand for and Supply of Money Study Material (Page 1 of 8)

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Proposal for Ceiling on Growth Rate of Money

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Friedman

  • He is against an active discretionary monetary policy to tide over recession because he was of the belief that prices and wages are quite flexible and full employment is restored quite rapidly.
  • Active discretionary monetary policy must be avoided. Instead, monetarists recommend a rule of constant growth of money consistent with long run output growth rate.
  • Money supply should not respond to changes in income because if say act…

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Foreign Trade Multiplier: Assumptions, Derivation & Open Economy

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Foreign Trade Multiplier, also known as the Export Multiplier is defined as the amount by which the national income of a country will be increased by a unit increase in the domestic investment on exports. The foreign trade multiplier process can be explained like this. Suppose the exports of the country increase. To begin with, the exporters will sell their products to foreign countries and receive more income. In order to meet the foreign demand, they will engage more factors of production to produce more. This wi…

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