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Ch. 8 & 12: Money, Price Level, and Inflation

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The Functions of Money; The Kinds of Money

Defining the Money Supply: M1 and M2

Required Reserves and the Deposit Multiplier

Introduction to the Federal Reserve

The Federal Reserve and the Money Supply

The Demand for Money

Quantity Theory of Money

Demand-Pull and Cost-Push Inflation

Disinflation and Deflation