宏观经济学第二十九章课件.ppt

宏观经济学第三十四章课件.ppt

34,The Influence of Monetary and Fiscal Policy on Aggregate Demand,The burning issue,Theory of liquidity preference Keyn,

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1、,10 MONEY AND PRICES IN THE LONG RUN,29,The Monetary System,Questions,What is money？Whatre the functions of money?Where does money come from?Who creates money?How is money created?Is any problem in the course of money creation?,Content,The meaning of the money -the definition of money -the functions。

宏观经济学02支出-收模型-课件.ppt

040420,1,2The AENI Model,支出收入模型,040420,2,21 The National Economy of Two Sectors,两部门的国民经济,040420,3,211 The Circulation of,

2、 of moneyThe federal reserve system -Fed and the money supply -banks and the money supplyProblems in controlling the money supply,THE MEANING OF MONEY,Money is the set of assets in an economy that people regularly use to buy goods and services from other people.Money has three functions in the econo。

3、my:Medium of exchangeUnit of accountStore of value,The Functions of Money,Medium of ExchangeA medium of exchange is an item that buyers give to sellers when they want to purchase goods and services.A medium of exchange is anything that is readily acceptable as payment.,Unit of AccountA unit of accou。

4、nt is the yardstick people use to post prices and record debts.Store of ValueA store of value is an item that people can use to transfer purchasing power from the present to the future.LiquidityLiquidity is the ease with which an asset can be converted into the economys medium of exchange.,Discussio。

5、n,Which of the following are money in the U.S economy? Which are not? Explain your answers by discussing each of the three functions of money.A U.S. pennyA Mexican pesoA Picasso painting A plastic credit card,The Kinds of Money,Commodity money takes the form of a commodity with intrinsic value.Examp。

6、les: Gold, silver, cigarettes.Fiat money is used as money because of government decree.It does not have intrinsic value.Examples: Coins, currency, check deposits.,Money in the U.S. Economy,Currency is the paper bills and coins in the hands of the public.Demand deposits are balances in bank accounts that depositors can access on demand by writing a check.,Figure 1 Money in the U.S. Economy,Copyright2019 Southwestern/Thomson Learning,Billions,of Dollars,0,CASE STUDY: Where Is All The Currency?,In 。