0 all the money that is in use in a country
1 the total amount of money in a particular economy at a particular time:
It is also shown that there is no systematic relationship between the growth effect of money supply and local determinacy of the balanced growth path.
Based on those findings, we consider the relationship between the determinacy of equilibrium and the growth effect of money supply.
Note that the dynamics of output is only affected by the exogenous money supply.
The model is driven by stochastic shocks to technology, government spending, taxes, and the money supply.
An increase in the money supply will now have effects on the real economy.
The month after the election, the money supply slowed down.
But, in general, money supply may depend on lagged values of such auction market variables even when it does not depend on them contemporaneously.
However, in the initial period of the shock, the price level rises far less than the money supply.
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