Google
Thursday 
June 21, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
ZERO SLOPE: A horizontal line in which the numerical value of the slope, calculated as the change in the variable on the vertical axis divided by a change in the variable on the horizontal axis, is zero. In other words, the Y-axis variable is fixed, or constant, for any and all values of the X-axis variable.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 17: Money | Unit 1: Money Basics Page: 2 of 25

Topic: THE Medium <=PAGE BACK | PAGE NEXT=>

The notion of general acceptance makes money THE medium of exchange for economic transactions.

It must be generally accepted.

  • Two types of value:
    1. Value in use (intrinsic value): An item provides satisfaction of wants and needs.
    2. Value in exchange: An item does not provide satisfaction directly but can be traded for something that does.
  • Money may or may not have value in use, but to be a medium of exchange, it must have value in exchange.

Money is an economic lubricant.

  • Too much money prompts inflationary expansion and too little entices recessionary unemployment.
  • The challenge is to maintain the proper balance between too much and too little.

Course Home | Lesson Menu | Page Back | Page Next

BANK PANIC

An economy-wide problem in the financial sector and the banking industry that triggers an economy-wide business-cycle contraction or even depression. Bank panics were common throughout the 1800s and early 1900s, during which time they where the primary cause of business-cycle downturns. Bank panics usually involved bank runs that spread from bank to bank throughout the economy.

Complete Entry | Visit the WEB*pedia


APLS

ORANGE REBELOON
[What's This?]

Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club seeking to buy either an AC adapter that works with your MPG player or rechargeable batteries. Be on the lookout for poorly written technical manuals.
Your Complete Scope

This isn't me! What am I?

Al Capone's business card said he was a used furniture dealer.
"Anyone who has never made a mistake has never tried anything new. "

-- Albert Einstein, physicist

OTS
Office of Thrift Supervision
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster