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ECONOMIC: Relating to economics or the study of the economy. This word is commonly added to other terms to emphasize its importance to economics. A few examples are economic cost, economic profit, economic goal, economic policies, and economic thinking.
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Lesson 16: Aggregate Shocks | Unit 3: Basic Shifts
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Page: 11 of 21
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Topic:
AD Decrease: Short Run
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The short-run equilibrium is given by the intersection of the negatively sloped AD curve and the positively-sloped SRAS.- A decrease in AD and results in a new short-run equilibrium.
- At the new equilibrium, both real production and the price level decrease.
- Real production can decrease below full employment -- in the short run.
- This shift gives us an intermediate point from one long-run equilibrium to another.
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EURODOLLARS Deposits denominated in U.S. dollars in banks located outside of the United States or domestic branches of foreign banks. While such deposits originated with European banks, hence the "Euro" part of the name, they can be held by banks from any foreign country. Eurodollars are an attractive investment because they are NOT in U.S. banks and thus are NOT subject to U.S. banking regulations. Eurodollars, along with other institutional investment near monies, are added to M2 to derive M3.
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WHITE GULLIBON
[What's This?]
Today, you are likely to spend a great deal of time at an auction trying to buy either a small, foam rubber football or an instructional DVD on learning to the play the oboe. Be on the lookout for the last item on a shelf.
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This isn't me! What am I?
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
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"If anything terrifies me, I must try to conquer it. " -- Francis Charles Chichester, yachtsman, aviator
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LIBOR
london Inter-Bank Offered Rate
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