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October 17, 2018 

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K: The standard abbreviation for the quantity of capital goods, especially for the analysis of production. The letter "K" is used even though capital begins with a "C" because "C" is commonly used to represent consumption. The complementary representations for other inputs are "L" for labor and "N" for population.

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MONEY SUPPLY RULE: A proposed policy that would constrain the growth of the money supply to equal growth of the economy's production capabilities. The logic behind such a rule is to prevent discretionary use of monetary policy, which is often blamed for political business cycles and the resulting problems of inflation and unemployment.

     See also | Federal Reserve System | monetary policy | political business cycle | conservative | balanced-budget amendment | automatic stabilizers | inflation | unemployment |


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MARGINAL ANALYSIS

A basic technique used in economics that analyzes small, incremental changes in key variables. Marginal analysis is the primary analytical approached used in the study of markets, production, consumption, business cycles, and economic policies. It not only reflects how most economic decisions are made, it also lends itself to mathematical and graphical analysis.

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BROWN PRAGMATOX
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Today, you are likely to spend a great deal of time searching the newspaper want ads trying to buy either a birthday greeting card for your father or a T-shirt commemorating the first day of spring. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
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Approximately three-fourths of the U.S. paper currency in circular contains traces of cocaine.
"Do what you feel in your heart to be right for you'll be criticized anyway. You'll be damned if you do and damned if you don't. "

-- Eleanor Roosevelt, first lady

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Tokyo Interbank Offered Rate (Japan)
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