An institution designed to oversee the banking system and regulate the quantity of money in the economy
Ceteris paribus 其它条件相同
A Latin phrase, translated as ’other things being equal,’ used as a reminder that all variables other than the ones being studied are assumed to be constant
Circular-flow diagram 循环流向图
A visual model of the economy that shows how dollars flow through markets among households and firms
Classical dichotomy 古典二分法
The theoretical separation of nominal and real variables