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LRAC: The abbreviation for long-run average cost, which is the per unit cost of producing a good or service in the long run when all inputs are variable. In other words, long-run total cost divided by the quantity of output produced. Long-run average cost is based on economies of scale (or increasing returns to scale) and diseconomies of scale (or decreasing returns to scale).
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 13 of 25
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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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KEYNESIAN CROSS A diagram illustrating the basic Keynesian theory of macroeconomics, with aggregate expenditures measured on the vertical axis and aggregate production measured on the horizontal axis, with the relation between aggregate expenditures and aggregate production represented by a positively-sloped aggregate expenditures line. The "cross" aspect of this diagram is the intersection between the aggregate expenditures line and a 45-degree line indicating every point of equality between aggregate expenditures and aggregate production. The "Keynesian" aspect of this diagram is derived from John Maynard Keynes, the developer and namesake of Keynesian economics.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex seeking to buy either a birthday gift for your grandmother or a T-shirt commemorating yesterday. Be on the lookout for cardboard boxes.
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
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"What gets measured gets done." -- Peter Drucker, educator
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QLR
Quasi-Likelihood Ratio
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