Ebook Principles of macroeconomics (10th edition): Part 2
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Ebook Principles of macroeconomics (10th edition): Part 2
Find more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and the Ebook Principles of macroeconomics (10th edition): Part 2e government interact in the goods market. In this chapter and the next, we show how money markets work in the macroeconomy. We begin with what money is and what role it plays in the U.S. economy. We then discuss the forces that determine the supply of money and show how banks create money. Finally, Ebook Principles of macroeconomics (10th edition): Part 2 we discuss the workings of the nations central bank, the Federal Reserve(the Fed), and the tools at its disposal to control the money supply.MicroecoEbook Principles of macroeconomics (10th edition): Part 2
nomics has little to say about money. Microeconomic theories and models are concerned primarily with real quantities (apples, oranges, hours of labor)Find more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and the Ebook Principles of macroeconomics (10th edition): Part 2ey ideas in microeconomics do not require that we know anything about money. As we shall see, this is not the case in macroeconomics.An Overview of MoneyYou often hear people say things like, “He makes a lot of money” (in other words, “He has a high income") or “She’s worth a lot of money" (meaning Ebook Principles of macroeconomics (10th edition): Part 2“She is very wealthy"). It is true that your employer uses money to pay you your income, and your wealth may be accumulated in the form of money. HoweEbook Principles of macroeconomics (10th edition): Part 2
ver, money is not income, and money is not wealth.To see that money and income are not the same, think of a $20 bill. Tliat bill may pass through a thFind more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and the Ebook Principles of macroeconomics (10th edition): Part 2er. The restaurant puts that $20 bill in a bank in the next day’s deposit. The bank gives it to a woman cashing a check the following day; she spends it at a baseball game t hat night. The bill has been through many hands but not as part of anyone’s income.What Is Money?Most people take the ability Ebook Principles of macroeconomics (10th edition): Part 2to obtain and use money for granted. When the whole monetary system works well, as it generally does in the United States, the basic mechanics of theEbook Principles of macroeconomics (10th edition): Part 2
system are virtually invisible. People take for granted that they can walk into any store, restaurant, boutique, or gas station and buy whatever they Find more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and the Ebook Principles of macroeconomics (10th edition): Part 2ention it, but stop and ask yourself: “How is it that a store owner is willing to part with a steak and a loaf of bread that 1 can eat in exchange for some pieces of paper that are intrinsically worthless?” Why, on the other hand, are there times and places where it takes a shopping cart full of mon Ebook Principles of macroeconomics (10th edition): Part 2ey to purchase a dozen eggs? The answers to these questions lie in what money is—a means of payment, a store of value, and a unit of account.CHAPTER OEbook Principles of macroeconomics (10th edition): Part 2
UTLINEAn Overview ofMoney p 1»9What Is Money?Commodity and Fiat MoniesMeasuring the Supply of Money in the United StatesThe Private Banking SystemHow Find more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and the Ebook Principles of macroeconomics (10th edition): Part 2. 199Functions of the Federal ReserveExpanded Fed Activities Beginning in 2008The Federal Reserve Balance SheetHow the FederalReserve Controls theMoney Supply P-20ỈThe Required Reserve RatioThe Discount RareOpen Market OperationsExcess Reserves and theSupply Curve for Money Ebook Principles of macroeconomics (10th edition): Part 2Find more at www.downloadslide.comThe Money Supply and the Federal Reserve System10hl the last two chapters, we explored how consumers, firms, and theGọi ngay
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