1. Please express the model of natural rate of unemployment according to Blanchard’s book and then give your comments. 2. How can you explain the aggregate demand and aggregate supply curves. How they are different from the usual definition on demand and supply curves
6. 1 The Nature of Financial Intermediation 6. 2 Depository Financial Institutions The deposit liabilities of these institutions form the cornerstones of the money supply. Generally speaking, commercial banks are the largest depository institutions