'l Ja ' ~ , . ·:- .. .. ,.~ .. , -·~ ' I 436 }{QOK REVIEWS • raising of wages by trade-unions, other prices would have to be raised also; but to offset the lowering of wages by industrial monopoly (and monopsony), other vrices would have to be lowered. Thus monetary policy is actually on the horns of the dilemma , since no price-level policy can satisfy both requirements. . The remaining chapters on the "IndifTerence Field of Monetary Equilibrium" and on "Monetar...