How the sr and lr differ In the Lr, prices are flexible and can respond to changes in S or D. In the Sr many prices are stuck at some predetermined level In the sr, monetary policy does have a potent effect on output and employment

Definition Inflation The overall increase in prices Hyperinflation: extraordinary high inflation

国家开放大学：2009—2010学年第一学期“开放本科”金融学专业中央银行理论与实务期末试题（1月）

Topics 4 questions from before HW#1 Unemployment Natural rate of unemployment reasons for unemployment Frictional unemployment Wait unemployment Patterns of unemployment

Topics Finish the assignment from last class Clarification for 4 questions from last class Demand for goods and services Equilibrium and the interest rate

Money Supply 100%-reserve banking Fractional-reserve banking

国家开放大学：2008—2009学年第二学期“开放专科”金融专业商业银行经营管理期末试题（7月）

国家开放大学：2008—2009学年第二学期“开放专科”农村经济管理专业财政与金融（农）期末试题（7月）

Economics Studies human behavior Uncertainty ** It depends...*** on what?--- factors Why?--- intuitions How?--- logic Conclusions?

一、国际资本流动的原因 二、国际资本流动的类型 三、国际资本流动的特点(p205) 四、国际资本流动的理论