Lecture Principles of money, banking, and financial markets (12th edition): Chapter 22 - Ritter, Silber, Udell
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Chapter 22 - The classical foundations. In this chapter you will learn to define Say's law and the classical understanding of aggregate supply, understand the supply of saving and demand for investment that leads to the equilibrium interest rate, explain the quantity theory of money and its implication for the aggregate demand curve, differentiate between the nominal and real rate of interest.
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Lecture Principles of money, banking, and financial markets (12th edition): Chapter 22 - Ritter, Silber, Udell
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Lecture Principles of money, banking, and financial markets (12th edition): Chapter 22 - Ritter, Silber, Udell
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