| 单词 | accommodatory monetary policy |
| 释义 | accommodatory monetary policy A policy of allowing the supply of money to expand in line with the demand for it. If the demand for money rises because of sustainable real growth in the economy, accommodatory monetary policy is desirable, and failure to expand the money supply obstructs real growth. If, however, the cause of rising demand for money is a temporary, unsustainable surge in real activity, inflation in prices and wages, or both, accommodatory monetary policy allows these excesses to continue too long. When obvious excess demand or high inflation eventually forces a shift to a more restrictive monetary policy, this will have to be severe and may cause a serious slump. Real world authorities find it very hard to assess exactly how accommodatory their monetary policies should be. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。