宏观经济学课件(英文版).pptVIP

Chapter 10The Demand for Money and the Price Level1 Concepts of MoneyOur model has three forms of assets: money, bonds, and ownership of capital.Our analysis in chapters 6-8 under the assumption that each household held a constant stock of money, M.Why households hold part of their assets as money?Demand for money.2 Concepts of MoneyAssumed that money is the sole medium of exchange in the economy.Households do not directly exchange goods for goods (a process called barter) or bonds for goods, and so on.The money in our model matches up with paper currency issued by a government.3 Concepts of