AmosWEB is Economics: GLOSS*arama

Saturday
April 19, 2014

AmosWEB means Economics with a Touch of Whimsy!

Today's Index

Yesterday's Index
285.7

Help us compile the AmosWEB Free Lunch Index. Tell us about your last lunch.

More About the Index

Favorite compass direction?

NORTH AMERICAN DEVELOPMENT BANK: An international financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects. The bank's mission is to serve as a binational partner in communities along the U.S.-Mexico border in order to enhance the affordability, financing, long-term development and effective operation of infrastructure that promotes a clean, healthy environment for the citizens of the region. The Bank was created under the auspices of the North American Free Trade Agreement (NAFTA).

Visit the GLOSS*arama

Most Viewed (Number)

expansionary fiscal policy (1534)
average total cost (1478)
marginal propensity to consume (1179)
perfect competition, short-run supply curve (1133)
midpoint elasticity formula (1126)

Worth a Look

Visit the WEB*pedia

INSIDE LAG: In the context of economic policies, the time between a shock to the economy and corrective government action responding to the shock. This is one of two primary lags in the use of economic policies. The other is outside lag, the time between the government action and the affect on the economy. The inside lag can be divided into the recognition lag and the implementation lag. The recognition lag is identifying the shock or need for action and the implementation is determining the appropriate policy response. Monetary policy tends to have a shorter outside lag than fiscal policy. The length of the inside and outside lags is one argument against the use of discretionary policies to stabilize business cycles.

Recommended Citation:

INSIDE LAG, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2014. [Accessed: April 19, 2014].

Search Again?

Back to the GLOSS*arama

RENT SEEKING

The inclination of everyone who is alive and breathing to get as much extra income, wealth, profit, or satisfaction as they can. Rent, while technically considered the factor payment for the use of land resources, is also commonly used as a synonym for economic profit, for the acquisition of benefits above opportunity cost. Rent seeking is the entirely rational process of obtain as much "extra" as possible. In effect, rent seeking is nothing more than utility maximization. Efficiency problems can arise, however, when rent seeking is enhanced and enabled through market control, political influence, or actions of special interest groups.

Complete Entry | Visit the WEB*pedia

State of the ECONOMY

Productivity
4th Quarter 2013
Up 1.8% from 3rd Quarter 2013
Source: BLS

More Stats

BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time searching the newspaper want ads trying to buy either yellow cotton balls or a set of steel-belted radial snow tires. Be on the lookout for telephone calls from long-lost relatives.
Your Complete Scope

This isn't me! What am I?

A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!

"The road to success is always under construction. "

-- Lily Tomlin, Actress

SAIF
Savings Association Insurance Fund

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

| | | | | | | | | | |
| | | |