chapter 11 money and monetary policy essentials of economics in context goodwin et al 1st edition chapter overview in this chapter you will be introduced to a standard treatment of ...
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...Chapter money and monetary policy essentials of economics in context goodwin et al st edition overview this you will be introduced to a standard treatment get an the relationship between average price level learn about role functions different types concept liquidity as it applies federal reserve how decisions made at fed impact macroeconomy market for funds attempts expand or cool off economy using also quantity equation theory monetarism objectives after reading reviewing should able describe measures supply explain continuum banks create understand basic workings central tools can use carry out uses open operations influence rate is expected affect investment aggregate demand become familiar with notions trap credit rationing key terms barter commodity exchange value intrinsic gold fiat m financial intermediary liability bank reserves fractional system required excess committee fomc base multiplier discount quantitative easing qe accelerator principle expansionary accommodative cont...