The New Encyclopaedia Britannica, Part 3, Volume 12Encyclopaedia Britannica, 1980 - Encyclopedias and dictionaries |
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Page 55
... changes in weather were related to fluctua- tions in the height of the mercury . The invention of the barometer in 1643 is attributed to Evangelista Torricelli , an associate of Galileo at Florence , who determined “ . to make an ...
... changes in weather were related to fluctua- tions in the height of the mercury . The invention of the barometer in 1643 is attributed to Evangelista Torricelli , an associate of Galileo at Florence , who determined “ . to make an ...
Page 354
... changes in the quantity of mon- ey , and as moving in strict proportion to the quantity of money . But the more sophisticated quantity theorists nev- er took this simplistic view . They all recognized that prices could not adjust ...
... changes in the quantity of mon- ey , and as moving in strict proportion to the quantity of money . But the more sophisticated quantity theorists nev- er took this simplistic view . They all recognized that prices could not adjust ...
Page 355
... changes in the interest rate - liquidity preference being absolute in the long run as well as in the short run . If interest rates were high , and M2 low - a condition that Keynes expected to hold only at times of full employment -then ...
... changes in the interest rate - liquidity preference being absolute in the long run as well as in the short run . If interest rates were high , and M2 low - a condition that Keynes expected to hold only at times of full employment -then ...
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