MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 291
... holding larger inventories of bank deposits . Individual holdings of money for transactions purposes fluctuate ... holding money is to avoid losses from holding stocks or bonds that are expected to fall in value . Suppose , for example ...
... holding larger inventories of bank deposits . Individual holdings of money for transactions purposes fluctuate ... holding money is to avoid losses from holding stocks or bonds that are expected to fall in value . Suppose , for example ...
˹éÒ 292
... holding money , and what is the value forgone ? The best alternative to holding money is holding an interest- earning financial asset such as a savings bond or treasury bill . By holding money instead of such an asset , you forgo the ...
... holding money , and what is the value forgone ? The best alternative to holding money is holding an interest- earning financial asset such as a savings bond or treasury bill . By holding money instead of such an asset , you forgo the ...
˹éÒ 294
... holding money is the interest rate . The benefit from holding . money is the avoidance of frequent transactions . The higher the interest rate , the smaller is the quan- tity of real money demanded . The demand curve for real money ...
... holding money is the interest rate . The benefit from holding . money is the avoidance of frequent transactions . The higher the interest rate , the smaller is the quan- tity of real money demanded . The demand curve for real money ...
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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