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INDEX OF CONSUMER SENTIMENT: A measure of consumer attitudes, preferences, and expectations concerning the state of the economy and business-cycle conditions that is compiled each month by the Survey Research Center at the University of Michigan. The Index of Consumer Sentiment is one of two primary measures of consumer attitudes. The other is the Consumer Confidence Index developed by The Conference Board.

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Lesson 20: Federal Reserve System | Unit 2: What It Does Page: 6 of 20

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  • That the Fed is the entity responsible for ensuring that the economy has the proper amount of money.
  • The two reasons for controlling the money supply: (a) to avoid inflation and recession and (b) to ensure the value of money.
  • That when the United States did not have a central bank, the economy experienced periods of turmoil.
  • That the Federal Reserve System, established 1913, although not perfect, has helped stabilize the economy.

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MARGINAL COST OF SEARCH

The incremental cost incurred by additional search effort is the marginal cost of search. Marginal cost of search, also termed marginal search cost, is comparable to marginal cost of short-run production analysis. Marginal cost of search increases with an increase in search effort and is represented by the marginal cost of search curve. This is one half of the efficient information search decision. The other is marginal benefit of search.

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BEIGE MUNDORTLE
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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a pair of leather sandals that won't cause blisters or clothing for your kitty cats. Be on the lookout for attractive cable television service repair people.
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Two and a half gallons of oil are needed to produce one automobile tire.
"Inside the ring or out, ain't nothing wrong with going down. It's staying down that's wrong. "

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