Chapter 2 The role of money in the macroeconomy
Chapter 2 The Role of Money in the Macroeconomy
2. 1 Money plays a key role in the performance of the economy The amount of money in the economy should not be too little or too much, but just " right"?
2.1 Money plays a key role in the performance of the economy. The amount of money in the economy should not be too little or too much, but just “right”?
2.2 Definitions of the money supply 2.2. 1 liquidity and liquid asset 1. liquidity(流动性) Ability to convert an asset into cash quickly with little Loss in value
2.2 Definitions of the money supply 2.2.1 liquidity and liquid asset 1. liquidity (流动性) Ability to convert an asset into cash quickly with little Loss in value
2.资产的流动性依赖于 买进或卖出的难易程度 买卖交易成本 它的价格的稳定性和可预讣性
2. 资产的流动性依赖于： Ø买进或卖出的难易程度 Ø买卖交易成本 Ø它的价格的稳定性和可预计性
3. liquid asset -illiquid assets a liquid asset is something you can turn into the generally acceptable medium of exchange quickly without taking a loss Cash and checking accounts are the most liquid assets
3. liquid asset -illiquid assets A liquid asset is something you can turn into the generally acceptable medium of exchange quickly without taking a loss. Cash and checking accounts are the most liquid assets