|
|
ACTION LAG: In the context of economic policies, a part of the implementation lag involving the time it takes for appropriate policies to be launched once they have been agreed to by policy makers. Another part of the implementation lag is the decision lag. For fiscal policy, this involves appropriating funds to government agencies (for government spending) or changing the tax code (for taxes) For monetary policy, this involves the buying and selling government securities in the open market. The action lag is usually shorter for monetary policy than fiscal policy.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 18: Banking | Unit 2: Banking Details
|
Page: 6 of 24
|
|
The second type is a savings and loans association. History: - Created by the Federal Home Loan Act after the WWII.
- Promoted homed ownership for the middle class.
- Regulated by the Federal Home Loan Bank and by the Federal Savings and Loan Deposit Insurance Corporation.
- Operated during the 50's and 60's using the 3-6-3 rule.
- Used savings accounts to make mortgage loans.
- Didn't offer checking accounts or business loans.
Changes in the 70's: - Went for riskier loans and offered checking accounts.
In the 80's: - Many went out of business, others merged with traditional banks, and a few survived.
- Operate now like traditional banks: Offer the same services and come under the same regulations.
|
|
|
|
|
|
|
LONG RUN, MICROECONOMICS In terms of the microeconomic analysis of production and supply, a period of time in which all inputs under the control of a firm used in the production process are variable. In the long run, labor and capital are variable inputs. The long-run analysis of production reveals the key role played by returns to scale. This is one of four production time periods used in the study of microeconomics. The other three are short run, very long run, and very short run (or market period). The long run is also a time period designation used in the macroeconomic analysis of economic growth and full employment.
Complete Entry | Visit the WEB*pedia |
|
|
RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction looking to buy either a set of luggage with wheels or a birthday gift for your aunt. Be on the lookout for malfunctioning pocket calculators.
Your Complete Scope
This isn't me! What am I?
|
|
|
The New York Stock Exchange was established by a group of investors in New York City in 1817 under a buttonwood tree at the end of a little road named Wall Street.
|
|
|
"Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. " -- Steve Jobs, Apple Computer founder
|
|
IBS
International Bank for Settlements
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
