Google
Friday 
January 19, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
TOTAL COST AND MARGINAL COST: A mathematical connection between marginal cost and total cost stating that marginal cost IS the slope of the total cost curve. If the total cost curve has a positive slope (that is, is upward sloping), then marginal cost is positive. Moreover, if the total cost curve has a positive and increasingly steeper slope, then the marginal cost is positive and rising. If the total cost curve has a positive and decreasingly steeper slope, then the marginal cost is positive but falling.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 19: Money Creation | Unit 5: Policy Page: 20 of 23

Topic: Control <=PAGE BACK | PAGE NEXT=>

Controlling the money creation process is the key to understanding the role that money plays in the economy.

In the old days:

  • Money was issued by government. With print and mint they had complete control over the quantity of money.
In the modern economy:
  • Checkable deposits are directly under the control of commercial banks. Government must control banks to control money.
Some history:
  • In the late 1800s, banks ran amuck, creating money as they saw fit. The economy experienced perpetual turmoil.
  • In the 1970s and 1980s, S&Ls had instability problems.
  • Since the mid 1980's, money creation has been under control. The economy has been strong and growing.

Course Home | Lesson Menu | Page Back | Page Next

PHYSICAL WEALTH, AGGREGATE DEMAND DETERMINANT

One of several specific aggregate demand determinants assumed constant when the aggregate demand curve is constructed, and that shifts the aggregate demand curve when it changes. An increase in the physical wealth causes a decrease (leftward shift) of the aggregate curve. A decrease in the physical wealth causes an increase (rightward shift) of the aggregate curve. Other notable aggregate demand determinants include interest rates, federal deficit, inflationary expectations, and the money supply.

Complete Entry | Visit the WEB*pedia


APLS

GREEN LOGIGUIN
[What's This?]

Today, you are likely to spend a great deal of time at a crowded estate auction hoping to buy either a box of multi-colored, plastic paper clips or several orange mixing bowls. Be on the lookout for pencil sharpeners with an attitude.
Your Complete Scope

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.
"You are never given a dream without also being given the power to make it true."

-- Richard Bach, Author

AMB
Adjusted Monetary Base
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