Page:Stabilizing the dollar, Fisher, 1920.djvu/249

. 9, F] The results are, evidently :

The stabilization now keeps the index number within 2% of par, the figures being identical with those of "E (c)" above, although the conditions as to the adjustment and its influence are different.

(c) Assumptions same as in standard case except: influence changed from 1% to 2%.

The index number will alternate between 100 and 101 as follows :

(d) Conclusions as to influence. We conclude that the adjustment of the dollar may be greater or less than the influence it has on the index