real balance effect

简明释义

真实余额效果

英英释义

例句

1.The increase in consumer wealth can lead to a stronger economy due to the real balance effect.

消费者财富的增加可以通过实际余额效应导致经济更强劲。

2.A decrease in interest rates can enhance the real balance effect by making loans cheaper.

利率下降可以通过降低贷款成本来增强实际余额效应。

3.Economists often discuss the real balance effect when analyzing monetary policy.

经济学家在分析货币政策时常常讨论实际余额效应。

4.The real balance effect suggests that increased asset values can stimulate spending.

实际余额效应表明，资产价值的增加可以刺激消费。

5.When inflation rises, the real balance effect may decrease purchasing power.

当通货膨胀上升时，实际余额效应可能会降低购买力。

作文

The economy is a complex system influenced by various factors, and one of the critical concepts that economists often discuss is the real balance effect. This term refers to the phenomenon where changes in the price level affect the real purchasing power of money balances. When the price level decreases, the real value of money increases, allowing consumers to purchase more goods and services with the same amount of nominal money. Conversely, if the price level rises, the real value of money falls, leading to a decrease in purchasing power. Understanding the real balance effect is essential for analyzing consumer behavior and the overall economic environment.To illustrate the real balance effect, let’s consider a simple example. Imagine a consumer who has $100 in their wallet. If the price of a loaf of bread is $2, this consumer can buy 50 loaves. However, if inflation occurs and the price of bread rises to $4, the same $100 can now only buy 25 loaves. This decline in purchasing power due to rising prices exemplifies the real balance effect. It demonstrates how inflation can erode the value of money, affecting consumer spending habits and overall economic activity.The implications of the real balance effect extend beyond individual consumers. Businesses also respond to changes in the price level. For instance, if consumers feel wealthier due to a decrease in prices, they are likely to increase their spending. This increased demand can lead businesses to expand production, hire more employees, and invest in new projects. On the other hand, if prices rise and consumers feel poorer, businesses may experience a drop in sales, prompting them to cut back on production and lay off workers.Moreover, the real balance effect plays a significant role in monetary policy. Central banks, like the Federal Reserve, monitor inflation closely because it directly impacts the real balance effect. By adjusting interest rates, central banks can influence the money supply and, consequently, the price level. Lowering interest rates can stimulate borrowing and spending, which may lead to an increase in demand and a potential rise in prices. Conversely, raising interest rates can curb spending and help control inflation, thereby preserving the purchasing power of money.In conclusion, the real balance effect is a vital concept in economics that illustrates the relationship between the price level and the purchasing power of money. It affects consumer behavior, business decisions, and monetary policy. By understanding this effect, individuals and policymakers can make more informed decisions that contribute to economic stability and growth. As we navigate through various economic conditions, recognizing the significance of the real balance effect can help us better comprehend the dynamics of our financial environment and its impact on our daily lives.

经济是一个受多种因素影响的复杂系统，其中经济学家常常讨论的一个关键概念是实际余额效应。这个术语指的是价格水平变化影响货币余额实际购买力的现象。当价格水平下降时，货币的实际价值增加，使消费者能够用相同数量的名义货币购买更多的商品和服务。相反，如果价格水平上升，货币的实际价值下降，导致购买力减少。理解实际余额效应对于分析消费者行为和整体经济环境至关重要。为了说明实际余额效应，让我们考虑一个简单的例子。想象一个消费者钱包里有100美元。如果一条面包的价格是2美元，这个消费者可以购买50条面包。然而，如果发生通货膨胀，面包的价格上涨到4美元，那么同样的100美元现在只能买到25条面包。由于价格上涨而导致的购买力下降就是实际余额效应的一个例子。它展示了通货膨胀如何侵蚀货币的价值，影响消费者的消费习惯和整体经济活动。实际余额效应的影响不仅限于个体消费者。企业也会对价格水平的变化作出反应。例如，如果消费者因价格下降而感到富裕，他们可能会增加支出。这种需求的增加可能导致企业扩大生产、雇佣更多员工并投资新项目。另一方面，如果价格上涨且消费者感到贫穷，企业可能会经历销售下降，促使其减少生产并裁员。此外，实际余额效应在货币政策中也发挥着重要作用。中央银行，如美联储，密切监测通货膨胀，因为它直接影响实际余额效应。通过调整利率，中央银行可以影响货币供应量，从而影响价格水平。降低利率可以刺激借贷和消费，这可能导致需求增加并可能引起价格上涨。相反，提高利率可以抑制消费并帮助控制通货膨胀，从而保护货币的购买力。总之，实际余额效应是经济学中的一个重要概念，它阐明了价格水平与货币购买力之间的关系。它影响消费者行为、商业决策和货币政策。通过理解这一效应，个人和决策者可以做出更明智的决定，从而促进经济稳定与增长。在我们应对各种经济条件时，认识到实际余额效应的重要性可以帮助我们更好地理解金融环境的动态及其对我们日常生活的影响。