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OPPORTUNITY COST, PRODUCTION POSSIBILITIES: The production possibilities analysis, which is the alternative combinations of two goods that an economy can produce with given resources and technology, can be used to illustrate opportunity cost--the highest valued alternative foregone in the pursuit of an activity.
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Lesson 20: Federal Reserve System | Unit 1: The Fed
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Page: 3 of 20
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- The basics of how Clarence the King discovered the regulatory function of the modern banking system.
- That the Federal Reserve System keeps banks operating through a combination of regulatory oversight and emergency reserves.
- That the Federal Reserve is a central bank, which is a government established and sanctioned bank with assorted financial tasks.
- That the Federal Reserve regulates the banking system and control the money supply.
- That the Federal Reserve was established in 1913 to prevent failed banks from shrinking the money supply and causing business cycles contractions.
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PRICE CHANGE, UTILITY ANALYSIS A disruption of consumer equilibrium identified with utility analysis caused by changes in the price of a good, which likely results in a change in the quantities of the goods consumed. The change in the price alters the marginal utility-price ratio and forces a reevaluation of the rule of consumer equilibrium.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages wanting to buy either a wall poster commemorating the first day of spring or a lazy Susan for you dining room table. Be on the lookout for rusty deck screws.
Your Complete Scope
This isn't me! What am I?
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John Maynard Keynes was born the same year Karl Marx died.
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"No amount of business school training or work experience can teach what is ultimately a matter of personal character. " -- Truett Cathy, Chick-fil-A Inc. founder
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COLA
Cost of Living Adjustment
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