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25 terms

Macro (Test 2) chapter 17 (Money Growth and Inflation)

1. The classical Theory of Inflation (level of prices and the value of money)( Money Supply, Money Demand, and Monetary Equilibrium)-GRAPH 2. The effects of a Monetary Injection and the adjustment process. 3. The classical Dichotomy and Monetary Neutrality 4. Velocity and the Quantity Equation 5.The Inflation Tax and The Fisher Effect 6.The cost of inflation( A fall in purchasing power? The inflation fallacy) and (shoeleather costs) and (menu cost) 7. (Relative-Price variability and the misalloc…