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JOB: Specific employment activities associated with a production process that are usually undertaken by a single worker. For example, someone might have the job of serving food or repairing cars. Others might have the job of teaching economics. The word "job" is the primary designation applied to a worker when hired by an employer. It is commonly used as a modifier for other terms, such as job satisfaction or job security, as reference to specific aspects of working or employment.

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Lesson 17: Money | Unit 3: Monetary Aggregates Page: 13 of 25

Topic: Near Monies <=PAGE BACK | PAGE NEXT=>

Near monies are savings, but there are several different types of savings.

Types of savings:

  • Standard savings accounts: They pay an interest, but lack check-writing privileges. These are relatively liquid.
  • Certificates of deposit (CDs): They require a minimum deposit for a specified time period and pay higher interest rates. They are less liquid than savings accounts.
  • Money market funds: These funds are invested in negotiable, short-term assets like U.S, treasury bills or commercial paper.
  • Overnight Eurodollars: Accounts denominated in U.S. dollars that are held in foreign banks.
  • Overnight repurchase agreements: Interest-paying business savings accounts that are temporary repositories of non-interest paying business checking account balances.

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AGGREGATE DEMAND INCREASE, LONG-RUN AGGREGATE MARKET

A shock to the long-run aggregate market caused by an increase in aggregate demand resulting in and illustrated by a rightward shift of the aggregate demand curve. An increase in aggregate demand in the long-run aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

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Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius wanting to buy either a brown leather attache case or car battery jumper cables. Be on the lookout for mail order catalogs with hidden messages.
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The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
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