• Then the problem was that the price relative price of those two was not really fixed by the government.

    然后,问题就在于价格,这两种货币的相对价格,没有被政府统。

    耶鲁公开课 - 金融市场课程节选

  • They will do it as long as the home price is high relative to their construction costs.

    只要房价相对建筑成本有利可图,建造商们就不会停止步伐

    耶鲁公开课 - 金融市场课程节选

  • Then the relative price of gold versus silver shifted to the point that the gold with at the twenty-one shilling exchange rate the gold shilling was worth less the gold guinea was worth less than twenty-one shilling.

    之后,金子相对于银子的相对价格,就移动到另一个值,在二十一个先令的兑换率下,金先令价值少于,金几尼的价值少于了二十一个先令的价值。

    耶鲁公开课 - 金融市场课程节选

  • Now there was inflation with regard to a basket of the Consumer Price Index is not just the price of gold; it's the price of many things but the there would be inflation or deflation as the relative price of gold changed.

    现在,就一组物品来说,是存在通货膨胀的,消费者价格指数并不仅仅是金子的价格;,它是很多东西的价格,但是,当金子的相对价格变化时,通货膨胀或通货紧缩就会发生。

    耶鲁公开课 - 金融市场课程节选

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