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Chapter 18: Money Supply & Money Demand

Chapter 18: Money Supply & Money Demand

Chapter 18: Money Supply & Money Demand. Federal Reserve System, FED. The central bank of the U.S. Independent decision making unit with regional banks In charge of money supply management and economic stabilization. Money Supply. M = C + D C = Currency: coins & bills (25%)

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609 views • 25 slides
The Neoclassical-Keynesian Synthesis

The Neoclassical-Keynesian Synthesis

The Neoclassical-Keynesian Synthesis. Real Balance Effects and the Neoclassical Response to Keynes. The Neoclassical Response to the Keynesian Critique. Some neoclassical economists became Keynesians Some tried to ignore Keynes

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564 views • 19 slides
The Keynesian Framework According to John Hicks and Alvin Hansen

The Keynesian Framework According to John Hicks and Alvin Hansen

ISLM Analysis Part III: The Monetary Sector (with MV=PQ in play). The Keynesian Framework According to John Hicks and Alvin Hansen. Roger W. Garrison 2010. S. S. S eq. Y. I. i. i. i. M S. M S. i eq. i eq. IS. M SPEC. Y eq. Y. I eq. I.

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287 views • 14 slides
LECTURE 4 TECHNOLOGICAL CHANGE

LECTURE 4 TECHNOLOGICAL CHANGE

LECTURE 4 TECHNOLOGICAL CHANGE. THE MACRO ECONOMIC MODEL Introduction to Economics Class Notes Fall 2000 Charles R. Plott California Institute of Technology. I. a. Spending. I 1. I 1 +a 1. Y 1. Y 2. Y. i. i. i. i. a. Y. M/P. I. I 1. a 1. MD T. MD T. Y. M/P. P. P. P.

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LECTURE 5 MONETARY FINANCED GOVERNMENT DEBT

LECTURE 5 MONETARY FINANCED GOVERNMENT DEBT

LECTURE 5 MONETARY FINANCED GOVERNMENT DEBT. THE MACRO ECONOMIC MODEL Introduction to Economics Class Notes Fall 2000 Charles R. Plott California Institute of Technology. I. a. Spending. I 1. I 1 +a 1. Y 1. Y 2. Y. i. i. i. i. a. Y. M/P. I. I 1. a 1. MD T. MD T. Y. M/P.

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AN EXERCISE IN KEYNESIAN LIQUIDITY PREFERENCE THEORY AND POLICY ANSWERS

AN EXERCISE IN KEYNESIAN LIQUIDITY PREFERENCE THEORY AND POLICY ANSWERS

AN EXERCISE IN KEYNESIAN LIQUIDITY PREFERENCE THEORY AND POLICY ANSWERS. The speculative demand for money is unique to Keynesian macroeconomics and, according to some, is the sine qua non of Keynesianism. CLASSICAL REGION.

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195 views • 5 slides

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