Hyperinflation
________ also means people have less time to produce goods and services.
New Zealand
Since 1989, the central bank in ________ has been operating under a law that specifies its only goal is to attempt to maintain stable prices, which, in practice, requires it to keep inflation between 0 and 2 percent a year.
Monetarists
________: Economists who emphasize the role that the supply of money plays in determining nominal income and inflation.
Government
________ deficit= new borrowing from the public + new money created.
Seignorage
________: Revenue raised from money creation.
Hyperinflation
________ also means people have less time to produce goods and services.
Money illusion
________: Confusion of real and nominal magnitudes.
Demographics
________: The composition of the workforce can change, decreasing the natural rate.
Phillip
Expectations ________ curve: The relationship between unemployment and inflation when taking into account expectations of inflation.
Governments
________ do a combination of both selling bonds and printing money, as long as the deficit is covered.
Hyperinflation
________: An inflation rate exceeding 50 percent per month.
velocity of money
The _____________ is defined as the ratio of nominal GDP to the money supply.
Quantity Equation
______________: The equation links money, velocity, prices, and real output.
Growth Version of the quantity Equation
_____________________: An equation that links the growth rates of money, velocity, prices, and real output.