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The Multiplier Concept and Monetary Restraint

Jack Vernon

The Quarterly Journal of Economics · 1974 · Volume 88 · Issue 2

DOI: 10.2307/1883076

Abstract

I. The problem. 330. — II. The rigid full employment constraint, 331. — III. A more flexible full employment constraint, 335. — IV. The positive sloping IS curve, 337. — V. Conclusions, 338.

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