曼昆《宏观经济学》(第五版)课堂讲义(英文)ch04.pptxVIP

会计学;Money;Functions of Money;Monetization increases efficiency!!!;;Monetary Policy; To expand the Money Supply: The Federal Reserve buys U.S. Treasury Bonds and pays for them with new money. To reduce the Money Supply: The Federal Reserve sells U.S. Treasury Bonds and receives the existing dollars and then destroys them.;The Federal Reserve controls the money supply in three ways.;The quantity equation is an identity: the definitions of the four variables make it true. If one variable changes, one or more of the others must also change to maintain the identity. The quantity equation we wil