循环图_说明在个人和企业之间循环流动的实际金融变量的.pptVIP

Chapter 3 The Role of Money and Credit The Circular Flow of Income and Expenditure The Role of Firms ,households and markets in the circular flow Money The demand for money The supply of money Money and interest rate The Circular Flow of Incomeand Expenditure The circular flow analysis reveals the patterns of order that link households, firms, financial markets, and financial intermediaries 循环图：说明在个人和企业之间循环流动的实际金融变量的图表。 we will assume a simplified economy where firms and households meet in three markets product (output) market factor (input) market financial market 个人和企业会同时出现在三个不同的市场上——产品市场、要素投入和金融市场。 The Circular Flow Diagram The Circular Flow Diagram Real flows of products and the services of factors of production flow in one direction Money flows in payment for the products and the use of factors of production flow in the opposite direction 在这种循环流动中，实物资产与金融资产的流动相反。 The Circular Flow Diagram Households supply labor and other factors of production money flows from the businesses to households in payments for the services of labor and the other factors of production these payments for factor services are household income The Circular Flow Diagram Households purchase consumer goods and services and new houses from businesses households usually do not spend all of their income on goods and services The financial system links these net lenders with net borrowers the net borrowers are usually businesses that borrow funds to purchase investment goods The Circular Flow Diagram Prices in the output, factor, and financial markets adjust to coordinate and balance the supplies and demands resulting from the plans of households and businesses to produce, spend, borrow, and lend any change in one market will be felt throughout all markets in the form of price and quantity adjustments The Role of Firms inthe Circular Flow Firms supply goods and services to the product market Firms demand investment goods supplied by other firms factor services in the factor (input) market f