什么是货币供给乘数？ 货币供给乘数，宏观经济常用术语。 货币供给乘数指货币供给(或存款)增长与银行准备金增长的比率。一般说来，货币供给乘数等于法定准备金比率的倒数。例如，法定准备金比率是0.125，那么货币供给乘数就是8。
这减小了货币乘数，因此，一个给定央行货币水平的货币供给也减小(词不达意)。
This decreases the money multiplier, and therefore, the money supply for a given level of Central Bank money.
货币乘数是以单位高能货币的增加爱导致的货币供给的增加。
The money multiplier is the increase in the supply of money resulting from the increase of a unit of high powered money.
基于货币供给内生理论，本文首先对货币乘数理论进行了批判，认为所谓货币乘数只是一种幻觉。
According to the theory of money supply endogeneity, this article criticizes the theory of money multiplier, considering what so called money multiplier is just a kind of illusion.
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