Mishkin_02_C01.pptVIP

Chapter 1 Why Study Money, Banking, and Financial Markets? 为什么研究货币、银行和金融市场 FIGURE 1 Interest Rates on Selected Bonds, 1950–2008图1 1950～2008年部分债券利率 Sources: Federal Reserve Bulletin; /releases/H15/data.htm. FIGURE 2 Stock Prices as Measured by the Dow Jones Industrial Average, 1950–2008 图2 1950～2008年以道琼斯工业平均指数显示的股票价格情况 Source: Dow Jones Indexes: /?u. FIGURE 3 Money Growth (M2 Annual Rate) and the Business Cycle in the United States, 1950–2008 图3 1950～2008年美国的货币供应量增长（M2年增长率）与经济周期情况 Note: Shaded areas represent recessions. 注：阴影部分为经济衰退 Source: Federal Reserve Bulletin, p. A4, Table 1.10; /rel