Instructor
Caris Liew
Description
In this chapter you will learn how to:
- define the meaning of monetary policy
- explain the main tools of monetary policy, including interest rates, the money supply, credit regulations
- explain the difference between expansionary and contractionary monetary policy
- discuss, using AD/AS analysis, the impact of expansionary and contractionary monetary policy on equilibrium level of national income, the real level of output, the price level and employment.
Curriculum
5.3.1 Definition of monetary policy
5.3.2 Tools of monetary policy: interest rates, money supply and credit regulations
5.3.3 Distinction between expansionary and contractionary monetary policy
5.3.4 AD/AS analysis of the impact of expansionary and contractionary monetary policy on the equilibrium national income and the level of real output, the price level and employment
Essay Guide
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