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October 18, 2018 

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CAPTURE THEORY OF REGULATION: Control of a regulatory agency by those entities, usually the businesses of a particular industry, that the agency is designed to regulate. Those industries subject to economic regulation that is intended to protect the public interest (consumers) invariably find it beneficial to exert influence over the regulatory agency. One common way of doing this is to have former or future employees in the industry "temporarily" work for the regulatory agency.

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Lesson 17: Money | Unit 3: Monetary Aggregates Page: 12 of 25

Topic: M2 <=PAGE BACK | PAGE NEXT=>

M2 is a broader measure of money that includes M1 plus what we can call near money.
  • We have over four trillion dollars of M2 in total.
  • Total M2 averaged over 270 million people is about $15,000 per person.

Near monies:

  • These are temporary savings, a pool of funds that can be accessed quickly and easily.
  • These funds are very liquid, but not perfectly liquid as M1.
  • Some people, specially economists, argue that M2 is the best indicator of our total supply of 'money.'

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REFERENCE WEEK, CURRENT POPULATION SURVEY

The calendar week (Sunday through Saturday) containing the 12th day of the month, which is used in the Current Population Survey (CPS) as the time period for documenting the employment and labor force status of respondents. The estimation of the unemployment rate and other employment information generated by the CPS are based on activities of survey respondents during this week. The actual survey is conducted by interviewers working for the Bureau of the Census during the calendar week containing the 19th day, which is termed the survey week.

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APLS

BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time at a crowded estate auction trying to buy either a birthday greeting card for your uncle or a T-shirt commemorating the 2000 Presidential election. Be on the lookout for neighborhood pets, especially belligerent parrots.
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This isn't me! What am I?

Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
"Executives who get there and stay suggest solutions when they present the problems. "

-- Malcolm Forbes, business executive

MAR
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