MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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... deposits Other checkable deposits ( OCDs ) , including NOW accounts and ATS accounts at commercial banks , S & Ls , savings banks , and credit unions M2 M1 Savings deposits ♢ Small time deposits Eurodollar deposits , money market ...
... deposits Other checkable deposits ( OCDs ) , including NOW accounts and ATS accounts at commercial banks , S & Ls , savings banks , and credit unions M2 M1 Savings deposits ♢ Small time deposits Eurodollar deposits , money market ...
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Michael Parkin. WHAT IS MONEY ? deposits and small time deposits that make up M2 and the large time deposits and other accounts that make up M3 are easily converted into assets that serve as a means of payment . They are highly liq- uid ...
Michael Parkin. WHAT IS MONEY ? deposits and small time deposits that make up M2 and the large time deposits and other accounts that make up M3 are easily converted into assets that serve as a means of payment . They are highly liq- uid ...
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... deposits , not currency . What banks create is deposits , and they do so by making loans . To see how banks create money , we are going to look at a model of the banking sys- tem . Creating Deposits by Making Loans Let's suppose that ...
... deposits , not currency . What banks create is deposits , and they do so by making loans . To see how banks create money , we are going to look at a model of the banking sys- tem . Creating Deposits by Making Loans Let's suppose that ...
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$1 trillion aggre aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks billion hours business cycle capital CHAPTER consume consumption expenditure curve for real decrease deficit deposits dollars economists equal equilibrium expenditure example exports factors factors of production fall Federal Reserve Figure firms fiscal policy fluctuations forecast GDP deflator government purchases graph growth higher households labor curve labor force labor market long-run aggregate supply macroeconomic ment million tapes monetary policy money multiplier money supply money wage rate multiplier natural rate OPEC open market operation opportunity cost output Phillips curve price level production possibility frontier quantity demanded quantity of labor quantity of money quantity of real quantity supplied rational expectations Real GDP trillions real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trillions of 1987 U.S. economy unem unemployment rate