April 28, 2005
Aggregate Supply and Demand
Posted by bparke at 10:21 PM | Comments (0)
April 26, 2005
Midterm 2 Answers
Posted by bparke at 10:18 PM | Comments (0)
Shift the IS/LM Curves
Posted by bparke at 10:15 PM | Comments (0)
April 21, 2005
The IS/LM Model
There was considerable evidence during the 1930's that the labor market might not be in full employment equilibrium.
Posted by bparke at 10:11 PM | Comments (0)
The Classical Model
Posted by bparke at 10:09 PM | Comments (0)
April 14, 2005
MT 2 Prep
These are the answers to the usual questions.
Posted by bparke at 07:35 PM | Comments (0)
April 12, 2005
Money Supply
The fractional reserve banking system links the money supply M1 to open market operations.
Posted by bparke at 07:59 PM | Comments (0)
April 07, 2005
The Demand for Money
Posted by bparke at 10:45 PM | Comments (0)
HW 3
The point is to derive a budget constaint in a diagram of risk vs. expected return.
Posted by bparke at 10:43 PM | Comments (0)
April 05, 2005
Monetary Economics
The two goods - two prices model actually has an extra price. In an exchange model with n goods, only n-1 prices are necessary. The extra price allow one good (gold, for example) to be the money.
This are a little more complicated in a world of fiat money.
Your textbook is an excellent source of information on this subject.
Posted by bparke at 09:44 PM | Comments (0)