Saturday, October 17, 2015

Macro. Chapter 17 【Money, Growth, and Inflation】

1. The level of prices and the value of money


2. Money supply, money demand, and adjustment to monetary equilibrium


3. The classical dichotomy and the neutrality of money


4. Velocity and the quantity equation


5. Using money creation to pay for government spending


6. The Fisher effect and the cost of unexpected inflation


7. Identifying costs of inflation


8. Inflation-induced tax distortions

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