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September 21, 2018 

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JOB SATISFACTION: The satisfaction or utility that a worker receives from employment. Job satisfaction might result from the working environment (friendly co-workers, supportive boss) or from the type of work performed (playing sports, creating artwork, accomplishing goals). Satisfaction generated by a job is part of the "total compensation" an employee receives, meaning workers with more job satisfaction are often willing to accept a lower monetary wage payment.

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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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PERFECT COMPETITION, LONG-RUN PRODUCTION ANALYSIS

In the long run, a perfectly competitive firm adjusts plant size, or the quantity of capital, to maximize long-run profit. In addition, the entry and exit of firms into and out of a perfectly competitive market guarantees that each perfectly competitive firm earns nothing more or less than a normal profit. As a perfectly competitive industry reacts to changes in demand, it traces out positive, negative, or horizontal long-run supply curve due to increasing, decreasing, or constant cost.

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APLS

PURPLE SMARPHIN
[What's This?]

Today, you are likely to spend a great deal of time at an auction trying to buy either storage boxes for your winter clothes or several magazines on time travel. Be on the lookout for crowded shopping malls.
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This isn't me! What am I?

A thousand years before metal coins were developed, clay tablet "checks" were used as money by the Babylonians.
"Man is born to live, not to prepare for life. "

-- Boris Pasternak, writer

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