" Quantitative easing attempts to lower interest rates by raising this quantity through open market operations, or the buying and selling of bonds.
A target value for one form of this quantity that is especially useful during periods of crisis can be found with the McCallum rule. At equilibrium, this quantity equals the quantity provided by the Baumol–Tobin model. The k-percent rule advocates a constant yearly increase in this quantity. The LM curve tracks equilibrium points between liquidity preference and this quantity. This quantity divides a country's gross national product in the "velocity equation." Quantitative easing attempts to lower interest rates by raising this quantity through open market operations, or the buying and selling of bonds. Anna Schwartz and Milton Friedman argued that erratic changes in this quantity have led to inflation. For 10 points, name this quantity, the amount of currency present in an economy.
A target value for one form of this quantity that is especially useful during periods of crisis can be found with the McCallum rule.
money supply [or monetary supply or monetary base; prompt on M or money] &lt;Social Science&gt;