INTRODUCTION TO ECONOMICS II - Unit 5 Chapter Summary
Explain the functions of money in an economy Explain the evolution of money in time and the contents of money supply concept Explain how banking system creates money under its basic operating principles Explain how Keynesian economists explain the relationship between the quantity of money and economic activities Explain how classical economists explain the relationship between the quantity of money and economic activities Explain how central bank uses the tools it has to control amount of money.