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Unformatted text preview: What does price measure? Money: What is it? Functions The Federal Reserve Measuring the money supply Monetary policy Open market operations Banks and money creation Quantity theory of money: Why do people hold money? Velocity of money Money demand function (simple version) Real money supply Velocity and money demand Inflation and money growth Real and nominal interest rates (again) Interest rates and money demand: the money market (a preview)...
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This note was uploaded on 11/08/2011 for the course ECO 3203 taught by Professor Yang during the Fall '10 term at University of Central Florida.
- Fall '10