Unrestricted Use
CC BY
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
By the end of this section, you will be able to:
Analyze whether monetary policy decisions should be made more democratically
Calculate the velocity of money
Evaluate the central bank’s influence on inflation, unemployment, asset bubbles, and leverage cycles
Calculate the effects of monetary stimulus
By the end of this section, you will be able to:
Contrast nominal GDP and real GDP
Explain GDP deflator
Calculate real GDP based on nominal GDP values