ECONOMICS 5 e Roger Arnold CHAPTER 15 Monetary

ECONOMICS, 5 e Roger Arnold CHAPTER 15 Monetary Policy

Exhibit 1 The Demand for and Supply of Money Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 161

Exhibit 2 Equilibrium in the Money Market Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 162

Exhibit 3 The Keynesian Transmission Mechanism Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 163

Exhibit 4 Breaking the Link between the Money Market and the Goods and Services Market: Interest-Insensitive Investment and the Liquidity Trap Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 164

Exhibit 5 The Keynesian View of Monetary Policy Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 165

Exhibit 6 The Monetarist Transmission Mechanism Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 166

Exhibit 7 Monetary Policy and a Recessionary Gap Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 167

Exhibit 8 Monetary Policy and an Inflationary Gap Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 168

Exhibit 9 Expansionary Monetary Policy and No Change in Real GDP Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 169

Exhibit 10 Monetary Policy May Destabilize the Economy Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 170

Exhibit 11 The Market for Gold and the Workings of a Gold Standard Arnold Economics, 5 e / Ch. 15 Monetary Policy © 2001 South-Western College Publishing 171