CHAPTER Monetary Policy 26

EXHIBIT 1 THE DEMAND FOR MONEY CURVE

EXHIBIT 2 THE EQUILIBRIUM INTEREST RATE

EXHIBIT 3 THE EFFECT OF CHANGE IN THE MONEY SUPPLY

EXHIBIT 4 THE KEYNESIAN MONETARY POLICY TRANSMISSION MECHANISM

EXHIBIT 5 THE EFFECT OF EXPANSIONARY MONETARY POLICY ON AGGREGATE DEMAND

EXHIBIT 5 THE EFFECT OF EXPANSIONARY MONETARY POLICY ON AGGREGATE DEMAND (Continued)

EXHIBIT 6 THE MONETARIST MONETARY POLICY TRANSMISSION MECHANISM

EXHIBIT 7 THE VELOCITY OF MONEY, 1930–2003 Source: Economicmagic, Most Requested Series, http://www.economagic.com/popular.htm.

EXHIBIT 8 COMPARISON OF MACROECONOMIC THEORIES

EXHIBIT 9 THE GREAT DEPRESSION ECONOMIC DATA, 1929–1934

EXHIBIT 9 THE GREAT DEPRESSION ECONOMIC DATA, 1929–1934 (Continued)

EXHIBIT A-1 OPPOSING ANTI-RECESSION THEORIES

EXHIBIT A-2 OPPOSING ANTI-INFLATION THEORIES