Key question
How does money shape an economy?
Check your understanding
Find an example, an application and a limit. Explain the concept without using its name, then compare your explanation with a primary source.
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Claims to examine
Financial fragility and aggregate demand are relevant to explanations of macroeconomic instability.
Follow a learning route
How does money shape an economy?
Follow banking, aggregate demand, inflation, financial instability and monetary policy through rival models.