investment function
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I = I(r)
* I depends negatively on r, downward sloping
reserve requirements
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Fed regulations impose a minmum reserve-deposit ratio
neutrality of money
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idea that changes in the money supply do NOT affect real variables
menu cost
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the costs of changing prices
price level equation
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P = nominal GDP/real GDP
budget deficit occurs when...
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, T<G
consumption function
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C = C(Y-T)
* slope is MPC; upward sloping
open market operations
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to increase the monetary base, the Fed could buy government bonds,
paying with new dollars
real GDP
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measures value of final goods and services using the prices of a base year
total money supply
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Give this one a try later!
I = I(r)
* I depends negatively on r, downward sloping
reserve requirements
,Give this one a try later!
Fed regulations impose a minmum reserve-deposit ratio
neutrality of money
Give this one a try later!
idea that changes in the money supply do NOT affect real variables
menu cost
Give this one a try later!
the costs of changing prices
price level equation
Give this one a try later!
P = nominal GDP/real GDP
budget deficit occurs when...
Give this one a try later!
, T<G
consumption function
Give this one a try later!
C = C(Y-T)
* slope is MPC; upward sloping
open market operations
Give this one a try later!
to increase the monetary base, the Fed could buy government bonds,
paying with new dollars
real GDP
Give this one a try later!
measures value of final goods and services using the prices of a base year
total money supply
Give this one a try later!
