Real and Monetary Factors in the Determination of Employment Levels

Abstract

Introduction, 251. — I. The role of monetary factors under three forms of wage policy, 252; A. The case of perfect competition in the product market, 252; B. The case of imperfect competition in the product market, 259. — II. Dependence on monetary factors of savings schedule, 262. — III. Dependence on monetary factors of real demand for cash balances, 269. — IV. Conclusions, 271.