在1929~1933年期间货币供给的减少是因为通货—存款比率和准备金—存款比率都上升了。运用货币供给模型和表18-4
在1929~1933年期间货币供给的减少是因为通货—存款比率和准备金—存款比率都上升了。运用货币供给模型和表18-4中的数据回答以下有关这一时期的假设的问题。
a.如果通货—存款比率上升,但准备金—存款比率保持不变,货币供给会发生什么变动?
b.如果准备金—存款比率上升,但通货—存款比率保持不变,货币供给会发生什么变动?
c.这两种变动中哪一种要更多地对货币供给的减少负责?
1929年8月 | 1933年3月 | |
货币供给 | 26.5 | 19.0 |
通货 | 3.9 | 5.5 |
活期存款 | 22.6 | 13.5 |
基础货币 | 7.1 | 8.4 |
通货 | 3.9 | 5.5 |
准备金 | 3.2 | 2.9 |
货币乘数 | 3.7 | 2.3 |
准备金—存款比率 | 0.14 | 0.21 |
通货—存款比率 | 0.17 | 0.41 |
The money supply fell during the years 1929 to 1933 because b'oth the currency-deposit ratio and the reserve-deposit ratio increased. Use the model of the money supply and the data in Table 18-4 to answer the following hypothetical questions about this episode.
a.What would have happened to the money supply if the currency-deposit ratio had risen but the reserve-deposit ratio had remained the same?
b.What would have happened to the money supply if the reserve-deposit ratio had risen but the currency-deposit ratio had remained the same?
c.Which of the two changes was more responsible for the fall in the money supply?