Chapter_10　Money, Interest, and Income多恩布什宏观经济学（教学课件）PPT.pptVIP

Introduction Money plays a central role in the determination of income and employment Interest rates are a significant determinant of aggregate spending ? Fed controls the money supply in the United States The stock of money, interest rates, and the Fed were noticeably absent from the model developed in the last chapter This chapter: introduces money and monetary policy builds an explicit framework of analysis within which to study the interaction of goods markets and assets market What determines interest rates? What is the role of interest rates in the business cycle? Introduction Figure 10