61. Therefore, they are slow to respond to market changes as reflected by movements in relative prices. 62. The finance departments of many companies are able to create the financial options appropriate as hedging instruments to protect against adverse price movements in their trading commitments. 63. Criticism was particularly levelled at the basic prediction of marginal productivity theory that movements in real wages and movements in employment should be inversely correlated. 64. More technically movements in real wages should be countercyclical, with real wages falling in the upswing of the cycle and rising in the downswing. 65. Owen had been conscious for some time of growing movement in the courtyard below. 66. The speculative demand for money depends primarily on anticipations about future movements in security prices and future movements in exchange rates. 67. The traditional Keynesian mechanism can be extended to an open economy to take into account international capital flows and movements in the exchange rate. 68. Keys cited are those of the principal movements in each scene. 69. Draftsmen have sometimes attempted to link the rent payable under a lease to movements in an official index, such as the Index of Retail Prices. 70. This backward movement in both time and space is brought to a climax in the final line. |