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INSIDER TRADING: The buying and selling of corporate stock or other financial instruments based on knowledge that is not widely available to the general public. Insider trading is most often undertaken by corporate executives or directors using information that they have acquired by working "inside" the company. Insider trading is illegal because it gives an unfair advantage to those on the inside. The president of a pharmaceutical company might be inclined to sell stock in the company using advanced information that the government is about to decline the patent application for a new drug.

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Lesson 17: Money | Unit 2: More About Money Page: 7 of 25

Topic: Store of Value <=PAGE BACK | PAGE NEXT=>

Another function of money is store of value.
  • It means that we retain the value, the satisfaction of wants and needs, provided by a good over a period of time.

Ways to store of value:

  • Buy a product and store it for a week.
  • Buy a gift certificate and redeem it after a week.
  • Buy another good, keep it for a week, sell it and then use this money to buy a product.
  • Keep the money one week or then buy the good.

A potential problem:

  • If the price of the good rises money becomes a less effective means of storing value.
  • Price inflation is the nemesis for the store of value function of money.

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AGGREGATE DEMAND DECREASE, LONG-RUN AGGREGATE MARKET

A shock to the long-run aggregate market caused by a decrease in aggregate demand resulting in and illustrated by a leftward shift of the aggregate demand curve. A decrease in aggregate demand in the long-run aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

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Today, you are likely to spend a great deal of time searching the newspaper want ads seeking to buy either a genuine down-filled comforter or a 200-foot blue garden hose. Be on the lookout for poorly written technical manuals.
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More money is spent on gardening than on any other hobby.
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