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Chapter 36 - Lipsey. FINANCIAL ASSETS WealthBonds Interest earning assets Claims on real capital Money Medium of exchange.
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Total Spending can be called: X Expenditures Aggregate Demand (AD) Nominal GDP They all mean the same thing: how much was spent in a year.
Copyright © 2010 Pearson Education. All rights reserved. Chapter 21 Monetary and Fiscal Policy in the ISLM Model.
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Money Demand. Standard specification: (M/P) = f(Y, r) M = Monetary aggregate P = Price level Y = income r = interest rate Why money demand? Why does.
Macroeconomics
