当通胀被合理预期，流通中的货币总量增加；由于通胀腐蚀了现金的价值，人们将更少的持有现金。
When inflation is anticipated, the amount of money in circulation increases; people hold smaller cash balances because inflation erodes the value of cash.
第一种近似意义是以个人预期进款的资本化的货币价值为其中心。
The first approximation would make everything depend on the capitalized money value of the individual's prospective receipts .
第一种近似意义是以个人预期进款的资本化的货币价值为其中心。
The first approximation would make everything depend on the captalized money value of the individuals prospective receipts.
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