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

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Money, Output and Price Level

Pulapre Balakrishnan This paper presents some evidence bearing on the interest-sensitivity of demand for money and the role of money supply in the inflationary process which must be addressed by those who argue for a money-based monetary policy, especially in approaching the problem of inflation.

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