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G: The standard abbreviation for government purchases by the governement sector, especially when used in the study of macroeconomics. This abbreviation is most often seen in the aggregate expenditure equation, AE = C + I + G + (X - M), where C, I, and (X - M) represent expenditures by the other three macroeconomic sectors, household, business, and foreign.

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Lesson 17: Money | Unit 3: Monetary Aggregates Page: 13 of 25

Topic: Near Monies <=PAGE BACK | PAGE NEXT=>

Near monies are savings, but there are several different types of savings.

Types of savings:

  • Standard savings accounts: They pay an interest, but lack check-writing privileges. These are relatively liquid.
  • Certificates of deposit (CDs): They require a minimum deposit for a specified time period and pay higher interest rates. They are less liquid than savings accounts.
  • Money market funds: These funds are invested in negotiable, short-term assets like U.S, treasury bills or commercial paper.
  • Overnight Eurodollars: Accounts denominated in U.S. dollars that are held in foreign banks.
  • Overnight repurchase agreements: Interest-paying business savings accounts that are temporary repositories of non-interest paying business checking account balances.

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CHANGE IN REAL PRODUCTION

The movement along the short-run or long-run aggregate supply curve caused by a change in the price level. A change in real production is caused ONLY by a change in the price level. This is one of two changes related to aggregate supply. The other is a change in aggregate supply. A change in real production is comparable to a change in quantity supplied. A change in real production for short-run aggregate supply means real production changes with a movement along a given short-run aggregate supply curve. However, the term "change in real production" is also used for movements along a given long-run aggregate supply curve, even though real production does not actually change in the long run.

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APLS

BEIGE MUNDORTLE
[What's This?]

Today, you are likely to spend a great deal of time at a going out of business sale seeking to buy either software that won't crash your computer or any book written by Stephan King. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?

Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."

-- Mark Twain

RGDP
Real Gross Domestic Product
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