Money and Banking: An Introduction to the Financial System |
From inside the book
Results 1-3 of 77
Page 388
... relative to goods and services . In order to understand why " changes in the price level " are sig- nificant , we must examine the concept itself more closely . Broadly speaking , we can distinguish two separate classes of price changes ...
... relative to goods and services . In order to understand why " changes in the price level " are sig- nificant , we must examine the concept itself more closely . Broadly speaking , we can distinguish two separate classes of price changes ...
Page 393
... Relative Index Number Series of economic data are fre- quently converted from absolute figures to relative figures to facili- tate comparisons over time . Thus , if the price of wheat in 1945 was $ 2 per bushel and in 1957 $ 2.50 per ...
... Relative Index Number Series of economic data are fre- quently converted from absolute figures to relative figures to facili- tate comparisons over time . Thus , if the price of wheat in 1945 was $ 2 per bushel and in 1957 $ 2.50 per ...
Page 426
... relative exchange value of the " money - stuff " which lies behind the monetary unit , and we shall ignore the other money forms . According to the bullionists , changes in the general price level are a reflection of changes in the relative ...
... relative exchange value of the " money - stuff " which lies behind the monetary unit , and we shall ignore the other money forms . According to the bullionists , changes in the general price level are a reflection of changes in the relative ...
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 equilibrium 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 hold 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 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