equations unit 3 Flashcards

1
Q

Money supply

A

Currency+deposits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

equation of exchange

A
P*Y=M*V
• Rearrange M=P*Y/V
• Money demand depends on
– Prices (P)
– Income (Y)
– Velocity (V)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

aggregate demand

A

Y=C+I+G+NX

How well did you know this?
1
Not at all
2
3
4
5
Perfectly