Lecture Macroeconomics: Lecture 11 - Prof. Dr.Qaisar Abbas

Lecture 11: Money and Inflation - II. After studying this chapter you will be able to understand: the stock of assets used for transactions; serves as a medium of exchange, store of value, and unit of account; Commodity money has intrinsic value, fiat money does not; Central bank controls money supply; seigniorage; fischer effect; money demand and the nominal interest rate; inflation.