10 August 2016 . 9am . Wed . Economic Chapter : Inflation

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Effects of inflation

1. international trade
2. balance of trade
3. exchange rate

Measure to reduce unemployment

Money

type of money

commodity money
fiat money
legal tender
token money
demand deposit


keyesian approach to money demand
transactioin motive
precaurinary motive
speculative motive

characteristics of money
acceptability
durability
portability
divisiblity
scarity