ch 16 Macroeconomics

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Author:
gabo
ID:
121696
Filename:
ch 16 Macroeconomics
Updated:
2011-12-07 21:12:47
Tags:
16 Monetary Policy
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  1. Transactions demand for money
    The stock of money people hold to pay averyday predictable expenses
  2. Precautionary demand for money
    The stock of money people hold to pay unpredictable expenses.
  3. Speculative demand for money
    The stock of money people hold to take advantage of expected future changes in the price of bonds, stocks, or other non-money financial assets.
  4. Demand for money curve
    A curve representing the quantity of money that people hold at different possible rates,ceteris paribus.
  5. Monetarisim
    The theory that changes in the money supply directly determine changes in prices, real GDP, and employment.
  6. Equation of exchange
    An accounting identity that states the money supply times the velocity of money equals total spending
  7. Velocity of Money
    The avegare # of times per year a dollar of the money supply is spent on final goods and services.
  8. Quantity theory of money
    The theory that changes in the money supply are directly ralated to changes in the price level.
  9. Subprime mortage loan
    A home loan made to barrowers with an above-average risk of default.

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