Chap21moneysupplyandinflatin.pptVIP

货币增长和通货膨胀;通货膨胀;历史上的通货膨胀;历史上的通货膨胀;The Classical Theory of Inflation;Money Supply, Money Demand, and Monetary Equilibrium;Money Supply, Money Demand, and Monetary Equilibrium;People hold money because it is the medium of exchange. The amount of money people choose to hold depends on the prices of goods and services.;Money Supply, Money Demand, and Monetary Equilibrium;Quantity fixed;Quantity of;The Quantity Theory of Money;The Classical Dichotomy and Monetary Neutrality;The Classical Dichotomy and Monetary Neutrality;The Classical Dichotomy and Monetary Neutrality;Velocity and the Quantity Equation;Velocity and the Quantity Equation;Velocity and the Quantity Equation;Velocity and the Quantity Equation;Velocity and the Quantity Equation;Nominal GDP;The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money ;The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money;Hyperinflation;Money and Prices During Four Hyperinflations;Money and Prices During Four Hyperinflations;Hyperinflation and the Inflation Tax;The Fisher Effect;Percent;The Costs of Inflation: A Fall in Purchasing Power?;The Costs of Inflation;Shoeleather Costs;Shoeleather Costs;Menu Costs;Relative-Price Variability;Inflation-Induced Tax Distortion;Inflation-Induced Tax Distortion;How Inflation Raises the Tax Burden On Saving;Confusion and Inconvenience;Arbitrary Redistribution of Wealth