Principles and Problems of Modern Economics |
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Page xiv
... monetary policy 316. Prospects for bank safety 319. Summary 320 . Discussion questions 321 . 11 Monetary Theory and Monetary Policy 322 THE QUANTITY OF MONEY , THE PRICE LEVEL , AND THE INTEREST RATE : The quantity theory of money 322 ...
... monetary policy 316. Prospects for bank safety 319. Summary 320 . Discussion questions 321 . 11 Monetary Theory and Monetary Policy 322 THE QUANTITY OF MONEY , THE PRICE LEVEL , AND THE INTEREST RATE : The quantity theory of money 322 ...
Page 326
... monetary explanation of the cycle . The monetary mechanism , by increasing the amount of money in good times and contracting it in poor times , does add to the amplitude of business fluctuations . But what causes the variations in the ...
... monetary explanation of the cycle . The monetary mechanism , by increasing the amount of money in good times and contracting it in poor times , does add to the amplitude of business fluctuations . But what causes the variations in the ...
Page 351
... monetary policy - quantitative control- does not restrict what the consumer may or may not do . The Limitations of Monetary Policy Today most economists are not at all convinced that monetary policy will do the job of stabilizing the ...
... monetary policy - quantitative control- does not restrict what the consumer may or may not do . The Limitations of Monetary Policy Today most economists are not at all convinced that monetary policy will do the job of stabilizing the ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers