A decrease in the money supply, causing a sharp fall in prices.
货币供应的减少,导致物价的急剧下降。
To blame the Depression on a decrease in the supply of money is to get the relationship exactly backward.
把大萧条的原因归结于货币供应的减少显然是走错了方向。
The fall in money supply leads to a left-ward shift in the LM curve, and an increase in the equilibrium interest rate and a decrease in equilibrium output.
货币供给的较小导致LM曲线向左平移,从而均衡利率上升,均衡产出下降。
The fall in money supply leads to a left-ward shift in the LM curve, and an increase in the equilibrium interest rate and a decrease in equilibrium output.
货币供给的较小导致LM曲线向左平移,从而均衡利率上升,均衡产出下降。
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