Austrian Theory simple deposit multiplier M2 Real Business Cycle Theory Store of value open market operations monetary policy Unit of account asset money discount rate required reserves Free! budget surplus Keynesian Theory Wawa excess reserves bank panic fiscal policy commodity money repurchase agreements national debt M1 bank run federal reserve fiat money Medium of exchange hyperinflation Standard of deferred payment M*V=P*Y budget deficit Monetarist Theory paying interest on reserves Austrian Theory simple deposit multiplier M2 Real Business Cycle Theory Store of value open market operations monetary policy Unit of account asset money discount rate required reserves Free! budget surplus Keynesian Theory Wawa excess reserves bank panic fiscal policy commodity money repurchase agreements national debt M1 bank run federal reserve fiat money Medium of exchange hyperinflation Standard of deferred payment M*V=P*Y budget deficit Monetarist Theory paying interest on reserves
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Austrian Theory
simple deposit multiplier
M2
Real Business Cycle Theory
Store of value
open market operations
monetary policy
Unit of account
asset
money
discount rate
required reserves
Free!
budget surplus
Keynesian Theory
Wawa
excess reserves
bank panic
fiscal policy
commodity money
repurchase agreements
national debt
M1
bank run
federal reserve
fiat money
Medium of exchange
hyperinflation
Standard of deferred payment
M*V=P*Y
budget deficit
Monetarist Theory
paying interest on reserves