Ch14-Terms&Concepts

Ch14-Terms&Concepts - • • • • • • •...

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Unformatted text preview: • • • • • • • • • • • • Ch. 14—Terms & Concepts Ch. 14—Terms & Concepts Rules Monetary Policy Gold Standard Deflation Stagflation Phillips Curve, short run and long run Real variables Expectations Does a change in the money supply permanently affect real variables? Does a change in the money supply permanently affect nominal variables? Easy money Tight money Affect of money policy (both easy and tight) on real and nominal variables, both in the SR and in the LR ...
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