Shared Flashcard Set

Details

Title

E202 Chapter 14

Description

Exam 3

Total Cards

Subject

Economics

Level

Undergraduate 2

Created

11/17/2011

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Additional Economics Flashcards

Term

Goals of monetary policy

Definition

1 price stability
2 high employment
3 stability of financial markets and institutions
4 economic growth

Term

Monetary policy

Definition

actions the FED takes to manage the money supply and interest rate

Term

Two main Monetary Targets

Definition

1 interest rate
2 money supply

Term

Two most important variables that cause a shift in money demand

Definition

1 RGDP
2 Price level