[Joseph_E._Stiglitz,_Carl_E._Walsh]_Economics(Bookos.org) (1)

Are There Limits to Economic Growth? 600
THINKING LIKE AN ECONOMIST: Trade-Offs and
the Costs of Economic Growth 601
REVIEW AND PRACTICE 602
CHAPTER 28 MONEY, THE PRICE LEVEL, AND THE
FEDERAL RESERVE 605
Prices and Inflation 606
Money Demand 607
Money Supply 609
The Price Level 609
INTERNET CONNECTION: How Much Cash Do We
Hold? 610
The Financial System in Modern Economies 612
CASE IN POINT: When Atlanta Printed Money 614
Creating Money in Modern Economies 615
Money Is What Money Does 615
Measuring the Money Supply 617
Money and Credit 618
CASE IN POINT: “Boggs Bills” and the Meaning of
Money 619
The Money Supply and the Bank’s Balance Sheet 620
THINKING LIKE AN ECONOMIST: Exchange,
Money, and the Internet 620
How Banks Create Money 622
e-INSIGHT: Electronic Cash 623
The Federal Reserve 626
How the Fed Affects the Money Supply 628
INTERNET CONNECTION: The Federal Reserve
Banks and International Central Banks 629
The Stability of the U.S. Banking System 630
Reducing the Threat of Bank Runs 631
REVIEW AND PRACTICE 633
xxvi ∂ CONTENTS