m&b
EC 100 Macro Week 2 The Money Market 1. Discussion of LT Week 2 -Last week: discussed concept of fiscal policy multipliers – how does nominal GDP change.
Aim: What is Money? Money a concept – an idea we have of something that allows us to recognize specific examples of it.
Lec21
Updates. Demand Functions An algebraic equation representing demand as a function of the price plus consumer income levels and other factors Example:
