The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 5
... demand curve , the smaller is the effect of a given supply curve shift on the equilibrium price of X. If the demand curve is given by D , then when the supply curve shifts from So to S1 , price falls from po to p2 , but if demand is ...
... demand curve , the smaller is the effect of a given supply curve shift on the equilibrium price of X. If the demand curve is given by D , then when the supply curve shifts from So to S1 , price falls from po to p2 , but if demand is ...
Síða 27
... curve becomes vertical . THE LONG - RUN " AGGREGATE SUPPLY " CURVE By itself , an AD curve , no matter what its precise form , does not enable us to say anything about the consequences for real income and the price level of changes in ...
... curve becomes vertical . THE LONG - RUN " AGGREGATE SUPPLY " CURVE By itself , an AD curve , no matter what its precise form , does not enable us to say anything about the consequences for real income and the price level of changes in ...
Síða 100
... demand curve . ( b ) Only the demand curve shifts , so that observations outline the supply curve . ( c ) Both curves shift , yielding a set of observations that , if regres- sion analysis is applied to them , will produce a curve such ...
... demand curve . ( b ) Only the demand curve shifts , so that observations outline the supply curve . ( c ) Both curves shift , yielding a set of observations that , if regres- sion analysis is applied to them , will produce a curve such ...
Efni
The Demand for Money in a Fixed Price Level | 8 |
Price Flexibility in the Macromodel | 22 |
A Brief Overview | 39 |
Höfundarréttur | |
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Common terms and phrases
adjustment aggregate demand analysis approach argued assets assumption behavior brokerage fee cash chapter consumption consumption function cost of holding definition of money demand curve demand deposits demand for money demand function demand-for demand-for-money function discussed economists effect empirical equal Equation evidence exogenous expected inflation factors Figure Friedman given holding money hypothesis implications important increase individual agent inflation rate interest rate involved lagged Laidler level of income level of real liquidity trap LM curve long-run M₁ macroeconomic matter measured money demanded money function money holding money supply nominal money nonhuman wealth opportunity cost output P₁ period permanent income precautionary balances precautionary demand price level problem proportion quantity of money rate of interest rate of return real income relationship relevant scale variable shift short-run speculative demand studies supply and demand theory tion transactions and precautionary transactions demand volume of transactions wealth effect Y₁ yield