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DECISION LAG: In the context of economic policies, a part of the implementation lag involving the time it takes for policy makers to determine the appropriate policy to undertake. Another part of the implementation lag is the action lag. For fiscal policy, this involves Congress and the President debating, passing, and signing legislation that changes government spending or taxes. For monetary policy, this involves a meeting among the members of the Federal Reserve Open Market Committee. The decision lag is usually shorter for monetary policy than fiscal policy.
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Lesson 19: Money Creation | Unit 1: A Little Magic
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Page: 1 of 23
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First:- Money is currency and checkable deposits.
- Currency is issued by the federal government.
- Checkable deposits are issued by commercial banks.
Second: - Money is the medium of exchange.
- Money makes production and exchange more efficient.
- Too much money causes inflation and too little causes recession.
Third: - Banks balance profit-seeking loans and deposit-protecting reserves.
- Because a failed bank can trigger economic instability, banks are heavily regulated by the government.
Note:- Controlling checkable deposits is controlling a little magic.
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HYPOTHESIS A reasonable proposition about the workings of the world that is inspired or implied by a theory and which may or may not be true. A hypothesis is essentially a prediction made by a theory that can be compared with observations in the real world. A hypothesis usually takes the form: "If A, then also B." The essence of the scientific method is to test, or verify, hypotheses against real world data. If supported by data over and over again, a hypothesis becomes a principle.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time browsing through a long list of dot com websites looking to buy either a birthday gift for your grandfather or a pleather CD case. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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BHC
Bank Holding Company
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