ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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World Economy-Hasty verdict

keep pace, inventories build up. At this stage, the credit demands grow. If this logic is correct, then the strident 'demand for 'credit in 1981 did not reflect genuine production needs, for such production was already beginning to face a bleak market. The credit demand represented merely the desire to shore up prices in a weak market.

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