Speculative motive - PowerPoint PPT Presentation

Principles of Economics by Fred M Gottheil

Principles of Economics by Fred M Gottheil. PowerPoint Slides prepared by Ken Long. Chapter 25, Money. © 1999 South-Western College Publishing. What is Money?. Note that money is a man-made invention: before money, people used barter. What is Barter?.

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Intermediate Macroeconomics

Intermediate Macroeconomics. Chapter 9 Money Demand. Money Demand Equation. M d = k  Y - h  i M d = demand for real balances, M/p (i.e., purchasing power) Positive function of income Negative function of nominal interest rate. Money Demand. Benefits and Costs of Holding Money

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