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Influence on submissions concerning monetary circulation development in the future
Will render the by-effects accompanying growth of quantity of money. And at last,
The size of the animator will depend on, how the new income which has arisen
As a result of increase in effective demand, it will be distributed between the various
Categories of consumers. Certainly, and this list of possible interactions
It is far yet complete. Nevertheless, if we possessed all necessary
The data, our system of the equations would be quite sufficient to have
The unique decision. There would be a certain size of a gain effective
Demand which after the account of all complicating factors would correspond
To the given gain of quantity of money also would be in balance with it. Only in
Absolutely unusual cases the increase in quantity of money will be connected
With reduction of size of effective demand.
The relation between size of effective demand and quantity of money close
Approaches to that usually is called "as velocity of money on
To the relation to incomes ", with that only the clause that effective demand
Corresponds to the expected income the hope on which has actuated
All production, instead of to really realised income, and
Besides gross, instead of pure. But "velocity of money in relation to
To incomes "is only the name, which in itself explains nothing. No
Any basis to expect that it will be a constant as depends, as
It has already been shown, from set of difficult and changeable factors.
Use of this term shades, in my opinion, the valid character
Causal relationship also conducts only to mess.
2. As we already have shown above (with. 32), availability decreasing or a constant
Yields depends partly on, whether hired workers are remunerated
Strictly proportionally their productivity. If yes, costs on payment
Work (expressed in terms of wages) will be constants, when
Employment increases. But if all workers of the given category receive
Identical wages irrespective of size of the individual
Developments in this case we will have growing costs on a payment
Irrespective of efficiency of the equipment. Besides, if the equipment
Use of its known part is non-uniform also means higher
Primary production costs per unit of production, incremental costs
Productions will grow even more moreover growth which is caused
Increase in costs at a payment. Hence, an ask price,
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