The dynamics of the dc SQUID, when voltage biased through an inductor, is c
omputed by numerical simulation and perturbative analytical calculation. We
find that the dynamic resistance decreases from its current-biased value a
t low bias voltages, where the inductive series reactance no longer separat
es the Josephson voltage oscillation from the bias source. the flux-to curr
ent conversion ratio, however, remains almost unaffected. This effect is so
metimes important in setups, where a second SQUID is usec as a readout ampl
ifier.