That money supply is exogenous or endogenous has been one of the focuses that the theory circle has disputed all the time.
货币供给的外生性与内生性一直是理论界争论的焦点之一。
The theory of endogenous money supply points out that the money demand of the public could affect directly the money supply of the central bank.
货币内生性理论指出公众的货币需求会直接影响中央银行的货币供给。
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