The Demand for Money: Theories, Evidence, and ProblemsHarper & Row, 1985 - 178 síður |
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Síða 5
... shifts to the right . The shift of S。 to S , reduces equilibrium price from på to pз but the equal rightward shift of so to s1 reduces price only to p4 . will , among other factors , depend on the sensitivity of the demand for X to its ...
... shifts to the right . The shift of S。 to S , reduces equilibrium price from på to pз but the equal rightward shift of so to s1 reduces price only to p4 . will , among other factors , depend on the sensitivity of the demand for X to its ...
Síða 30
... shift of the invest- ment function , were to cause the AD curve to shift downward and to the left , as we show in Figure 3.8 . Then suppose it were plausible to argue that initially prices remained at their historically given value of ...
... shift of the invest- ment function , were to cause the AD curve to shift downward and to the left , as we show in Figure 3.8 . Then suppose it were plausible to argue that initially prices remained at their historically given value of ...
Síða 100
... shifts , ensuring that all observations ( marked with crosses ) lie on the 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 ...
... shifts , ensuring that all observations ( marked with crosses ) lie on the 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 ...
Efni
The Role of the Demand Function | 3 |
Shifts of the LM and IS Curves | 13 |
Price Flexibility in the Macromodel | 22 |
Höfundarréttur | |
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Common terms and phrases
adjustment aggregate demand analysis approach argued assets banks behavior brokerage fee cash chapter consumption function cost of holding definition of money demand curve demand deposits demand for money demand function demand-for demand-for-money function discussed econometric economists effect elasticity of demand empirical Equation evidence exogenous expected inflation rate expenditure factors Figure Friedman holding money hypothesis important increase interest elasticity interest rate Laidler level of income level of real liquidity trap LM curve long-run M₁ macroeconomic matter money demanded money function money holding money supply nominal money nonhuman wealth opportunity cost P₁ parameters particular period permanent income precautionary demand predictions price level problem quantity of money rate of interest rate of return rational expectations real balances real income regression relationship relevant role scale variable shift short-run speculative demand studies supply and demand theory tion transactions and precautionary transactions demand United variations volume of transactions Y₁ yield