文本课件参考宏经chap09.pptVIP

* Chapter 14 is devoted to stabilization policy. * * Note: If the Fed correctly anticipates the sign and magnitude of the shock, then the Fed can respond as the shock occurs rather than after, and the economy never would go to point B - it would go immediately to point C. Answers Regulatory change makes holding money more attractive. How does this change affect the demand for money? This increases the demand for money. What happens to the velocity of money? A decrease in the velocity of money. Because interest on checking accounts encourages people to hold money, dollars circulate less