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RESOURCE MARKETS: Market used to exchange the services of resources labor, capital, and natural resources. The value of services exchanged through resource markets each year is measured as national income. Compare financial market, product market.
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Lesson 17: Money | Unit 3: Monetary Aggregates
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Page: 14 of 25
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M3 is equal to M2 plus other near monies.- We have five trillion dollars of M3.
- M3 averaged over 270 million people in the U. S. is about $18,000 per person.
- Other near monies added to M3 are less liquid than the M2 near monies.
- M3 other near monies are essentially investments.
M3 other near monies: - Larger denomination certificates of deposit and longer-term repurchase agreements.
- M2 includes CDs less than $10,000.
- M3 includes CDs over $100,000.
- M3 includes repurchase agreements and Eurodollars of longer duration than the ones M2 includes.
- These longer term and bigger M3 other near monies are less liquid than the M2 near monies.
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AVERAGE REVENUE, MONOPOLISTIC COMPETITION The revenue received for selling a good per unit of output sold, found by dividing total revenue by the quantity of output. Average revenue often goes by a simpler and more widely used term... price. For a monopolistically competitive firm average revenue is greater than marginal revenue. Average revenue for a monopolistically competitive firm is often depicted by a negatively-sloped average revenue curve.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius hoping to buy either a tall storage cabinet with five shelves and a secure lock or a birthday greeting card for your grandmother. Be on the lookout for strangers with large satchels of used undergarments.
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Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
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"You can't build a reputation on what you are going to do." -- Henry Ford, automaker
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Negotiable Order of Withdrawal
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