IV.A. - Barro Ch.10 PP slides 1-3 For our purposes, at...

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IV. A. Money Demand 1. What is Money? Medium of Exchange—a social device to make trading goods easier Lots of things could serve as “money” Several types and definitions of money in modern economies
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Unformatted text preview: Barro Ch.10 PP slides 1-3 For our purposes, at least initially, we think of money as fiat currency directly held by households/firms. 2. The Demand for Money Barro Ch.10 PP slides 4-10...
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