MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 511
... dollars change hands . The price at which one currency exchanges for another is called a foreign exchange rate . For example , in July 1993 , 1 U.S. dollar bought 97 Japanese yen . The exchange rate between the U.S. dollar and the ...
... dollars change hands . The price at which one currency exchanges for another is called a foreign exchange rate . For example , in July 1993 , 1 U.S. dollar bought 97 Japanese yen . The exchange rate between the U.S. dollar and the ...
˹éÒ 515
... dollars ? And what is the quantity of dollars ? The Quantity of U.S. Dollar Assets The quantity of U.S. dollar assets ( which we'll call the quantity of dol- lars ) is the stock of financial assets denominated in U.S. dollars minus the ...
... dollars ? And what is the quantity of dollars ? The Quantity of U.S. Dollar Assets The quantity of U.S. dollar assets ( which we'll call the quantity of dol- lars ) is the stock of financial assets denominated in U.S. dollars minus the ...
˹éÒ 519
... dollar assets decreases , the Fed has to decrease the quantity of dollar assets supplied . The Fed does so by buying dollars back , using its foreign exchange holdings to do so . In this case , official holdings of foreign exchange ...
... dollar assets decreases , the Fed has to decrease the quantity of dollar assets supplied . The Fed does so by buying dollars back , using its foreign exchange holdings to do so . In this case , official holdings of foreign exchange ...
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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