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3. The Size of Business Enterprises and Business Cycles 86
4. Economic Resources and the National Dividend 90
5. The Interdependence of Business Enterprises 100
6. Profits as the Clue to Business Fluctuations 105
7. Factors Affecting Business Profits 107
III. The System of Prices 108
1. The Prices of Consumers' Commodities 108
2. The Prices of Producers' Goods in Relation to the
Prices of Consumers' Commodities 		110
3. The Prices of Producers' Goods in Relation to Ante-
cedent Prices 		110
4. The Prices of Business Enterprises 111
5. The Prices of Services to Persons 112
6. The Interrelations Among Prices 113
7. The Rôle of Prices in Economic Life 116
IV. The Monetary Mechanism 116
1. Ambiguity of the Terms "Money" and "Currency" 117
2. The Relative Importance of Checks and of Coin and
Paper Money in Making Payments 		117
3. The Elasticity of the Circulating Medium 119
4. The Velocity of Circulation 122
5. The Quantity Theory and Business Cycles 128
V. The Flow of Money Payments 139
1. Production and Purchasing Power 139
2. The Flow of Money Incomes to Individuals 140
3. The Outflow of Personal Incomes 146
4. The Flow of Payments Among Business Enterprises 149
5. Saving and Spending 151
VI. The Guidance of Economic Activity 154
1. The Problem of Adjusting Supply to Demand in a
Business Economy 		154
2. The Rôle Played by Business Managements 157
3. The Rôle Played by Technical Experts 159
4. The Rôle Played by Lenders 162
5. The Rôle Played by Consumers 163
6. The Rôle Played by Government 167
7. The Alleged "Planlessness" of Production 169

-xiv-

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Publication Information: Book Title: Business Cycles: The Problem and Its Setting. Contributors: Wesley C. Mitchell - author. Publisher: National Bureau of Economic Research. Place of Publication: New York. Publication Year: 1954. Page Number: xiv.
    
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