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MATERIALS: The stuff used in the production of tangible products that become the tangible products. Materials, also termed raw materials, are part of the land category of scarce resources. Space is also part of the land resource category. Another term that works as a synonym for materials is natural resources. Perhaps it's obvious that without materials, there would be no tangible products.
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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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AUTONOMOUS EXPENDITURES Expenditures on aggregate production by the four macroeconomic sectors that do not depend on income or production (especially national income or even gross domestic product). That is, changes in income do not generate changes in these expenditures. Each of the four aggregate expenditures--consumption, investment expenditures, government purchases, and net exports--have an autonomous component. Autonomous expenditures are affected by the ceteris paribus aggregate expenditures determinants and are measured by the intercept term of the aggregate expenditures line. The alternative to autonomous expenditures are induced expenditures, expenditures which do depend on income.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time at a flea market trying to buy either a 200-foot blue garden hose or a video camera with stop action features. Be on the lookout for letters from the Internal Revenue Service.
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This isn't me! What am I?
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The average bank teller loses about $250 every year.
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"When you play, play hard; when you work, don't play at all. " -- Theodore Roosevelt, 26th US president
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TR
Total Revenue
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