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SOLIDARITY: The rallying cry for organized labor and the labor union movement that has attempted to cut across industries and occupations, based on an "us versus them" view of the labor market. The "us" are the workers and the "them" are the employers. This solidarity notion presumes that when one worker wins a battle against an employer then all workers win.
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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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AGGREGATE DEMAND CURVE A graphical representation of the relation between aggregate expenditures on real production and the price level, holding all ceteris paribus aggregate demand determinants constant. The aggregate demand (AD) curve is one side of the graphical presentation of the aggregate market. The other side is occupied by the long-run aggregate supply curve and/or the short-run aggregate supply curve. The negative slope of the aggregate demand curve captures the inverse relation between aggregate expenditures on real production and the price level. This negative slope is attributable to the interest-rate, real-balance, and net-export effects.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale hoping to buy either a set of steel-belted radial snow tires or a wall poster commemorating the 2000 Presidential election. Be on the lookout for door-to-door salesmen.
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This isn't me! What am I?
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
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"The creative is the place where no one else has ever been. the You have to leave the city of your comfort and go into wilderness of your intuition. What you'll discover will be wonderful. What you'll discover will be yourself." -- Alan Alda, Actor
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MGE
Minneapolis Grain Exchange
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