Inflation: Causes and Consequences

adjustment allocation attempted investment Banks Cadillacs cash balances cent crores currency plus demand decline deflation demand deposits dollar economic development economic growth escalated example exchange control exports fact Five Year Plan foreign exchange foreign exchange market free market Friedman full employment policy Government hold hyper-inflation import licences incentive income and wealth increase index number India individual Israel Israeli pounds kind lecture less magnitudes mean ment Milton Friedman monetary policy money rose money supply nomic nominal official open inflation Plan period price control price index price level price rise price system printing money printing of money problem produce inflation Prof quantity of money reason result rise in prices rising prices roughly rupee savings second Five second World War spend stable prices steady inflation steel plant stock of money suppressed inflation tax on cash tends thing turn wage Yugoslavia