Money Supply, Central Bank, Inflation and Monetary PolicyDr. Fidel GonzalezDepartment of Economics and Intl. BusinessSam Houston State UniversityMoney, get awayGet a good job with more pay and your O.K.Money it's a gasGrab that cash with both hands and make a stashNew car, caviar, four star daydream,Think I'll buy me a football teamMoney get backI'm all right Jack keep your hands off my stack…------- Money, Pink Floyd (The Dark Side of the Moon)Topic 9: Principles of Macroeconomics
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Money Supply and The Central BankNow, we are going to analyze the role of money in the economy and how that affects the overall economy.First, we need to define money, its functions and different types.Money: set of assets in the economy that people regularly use to buy goods and services from other people. In other words, anything that you use to buy and sell things is consider a money.For example, a friend of mine in college use to exchange beer for services in our dorm. He would exchange a six pack