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Racer B4CK (ayeyuhskuh)
Race Number 65
Date Sun, 3 Feb 2019 02:09:45 +0000
Universe o4do0q2x8u
Speed 122 WPM Try to beat?
Accuracy 97.8%
Rank 2nd place (out of 2)
Opponents angeio (1st place)

Text typed:

Thus we must first consider the effect of changes in the quantity of money on the quantity of effective demand; and the increase in effective demand will, generally speaking, spend itself partly in increasing the quantity of employment and partly in raising the level of prices. Thus instead of constant prices in conditions of unemployment, and of prices rising in proportion to the quantity of money in conditions of full employment, we have in fact a condition of prices rising gradually as employment increases.
The General Theory of Employment, interest and Money (book) by J. M. Keynes (see stats)

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