In Wicksell's monetary theory, bank
creation of money would increase the money stock when
natural rate equaled the market rate.
natural rate was rising.
natural rate was falling.
market rate was below the natural
Underconsumptionists have argued
production tends to outrun people's
ability to consume.
savings need to be large for economic
supply creates its own demand.
people must save for retirement, or
else they will not have much to consume when they are