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ENDOGENOUS VARIABLE: A variable that is identified within the workings of the model. Also termed a dependent variable, an endogenous variable is in essence the "output" of the model. It should be compared with an exogenous variable this is the "input" of the model.
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Lesson 19: Money Creation | Unit 4: The Multiplier
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Page: 19 of 23
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- That a multiplier captures the magnified relationship between deposit creation and extra bank reserves.
- That the multiplier can be expressed with an equation: D = mR.
- That the key to the deposit multiplier is required reserves and that the deposit multiplier is the inverse of the reserve ratio.
- Other factors that influence the total amount of money created:
- Banks keep excess reserves.
- Money leaks out checkable deposits into savings deposits.
- Customers keep some deposit-creating loans in cash.
- That the Federal Reserve uses a complex money multiplier in trying to control the amount of money circulating in the economy.
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INCOME EARNED BUT NOT RECEIVED The three types of income earned but not received (IEBNR) by the factors of production are Social Security taxes, corporate profits taxes, and undistributed corporate profits. IEBNR is subtracted from national income to calculate personal income.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time lost in your local discount super center wanting to buy either a 50 foot extension cord or a combination CD player, clock radio, and telephone (with answering machine). Be on the lookout for cardboard boxes.
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This isn't me! What am I?
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More money is spent on gardening than on any other hobby.
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"The greatest things ever done on Earth have been done little by little. " -- William Jennings Bryan
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EPS
Earnings Per Share
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