而货币存量的上升必然会通过提高价格或阻止价格下跌而损害货币交换价值。
And a rise in the money stock will necessarily impair the exchange value of money - either by raising prices or by preventing prices from falling.
在这一点上,我们不应该被在货币形式上抬高价格或”国家收入“的的通胀效应所欺骗或被弄迷糊了。
We should not let ourselves be deceived or confused on this point by the effects of monetary inflation in raising prices or “national income” in monetary terms.
文章认为,凯恩斯在货币工资富有刚性的假设下,通过提高价格水平、降低实际工资,解决非自愿失业问题的理论,只能在短期有效。
The Keynesian theory deals with the involuntary unemployment under the hypothesis of wages rigidity, suggesting that raising price and reducing the real wages can only be valid in a short-term.
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