Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 481
... billion in a given period . The equilibrium level of income in that period will be $ 100 billion . The explanation is as follows : From our national income accounting we know that Y = C + I. We are told that : a . Consumption = .8Y b ...
... billion in a given period . The equilibrium level of income in that period will be $ 100 billion . The explanation is as follows : From our national income accounting we know that Y = C + I. We are told that : a . Consumption = .8Y b ...
Page 483
... billion to $ 30 billion , we can ascertain the new equilib- rium level of income with a few simple arithmetic calculations . Since we have Y = C + I and we are told C .8Y and I is $ 30 billion , we solve for Y and discover it is $ 150.5 ...
... billion to $ 30 billion , we can ascertain the new equilib- rium level of income with a few simple arithmetic calculations . Since we have Y = C + I and we are told C .8Y and I is $ 30 billion , we solve for Y and discover it is $ 150.5 ...
Page 664
... billion , and we imported mer- chandise and services having a total value of $ 19.8 billion . Further- more , foreign interests built up their dollar asset holdings in the United States by $ 1.8 billion . Thus , foreigners had to find ...
... billion , and we imported mer- chandise and services having a total value of $ 19.8 billion . Further- more , foreign interests built up their dollar asset holdings in the United States by $ 1.8 billion . Thus , foreigners had to find ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect employment excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank national income open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York