Macroeconomics: Money, Prices, and Income |
Contents
PART THE PURE THEORY OF MONEY | 1 |
The Pure Theory of Money Production Under Alternative | 14 |
PART THE PRODUCTION AND CONTROL OF MONEY | 31 |
Copyright | |
36 other sections not shown
Common terms and phrases
aggregate demand aggregate supply amount assets assumed balance of payments bank reserves billion borrowing cash balances central bank classical commercial banks commodity constant consumption function cost currency curve deficit demand deposits demand for money determined discussion dollar effect equal equation equilibrium excess legal reserves exchange rate factors Federal Reserve Bank Federal Reserve System Figure fiscal policy foreign exchange Friedman full employment given gold government expenditures hold important increase inflation interest rate Keynes Keynesian labor level of income loans macroeconomic marginal propensity measured member banks ment Milton Friedman monetarists monetary base monetary policy money balances money supply money wage multiplier national income output percent period price level production purchase quantity of money quantity theory rate of interest ratio real wage receipts reduce result rise saving Say's law sector short-run stability theory of money tion transactions Treasury United variable velocity wage rate