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REFERENCE WEEK: The calendar week (Sunday through Saturday) containing the 12th day of the month, which is used in the Current Population Survey (CPS) as the time period for documenting the employment and labor force status of respondents. The estimation of the unemployment rate and other employment information generated by the CPS are based on activities of survey respondents during this week. The actual survey is conducted by interviewers working for the Bureau of the Census during the calendar week containing the 19th day, which is termed the survey week.
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Lesson 19: Money Creation | Unit 2: Fred Returns
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Page: 8 of 23
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The money creation mechanism is a profitable opportunity.- With 10% of his receipts redeemed at any given time Fred can issue up to 1,000 pounds of receipts.
- 100 pounds for the original deposits plus another 900 pounds for loans.
Important points:- Fred has created money: Because his receipts are money, he can create money by making loans.
- The new extra 900 pounds of money is used for investment that promotes economic growth.
A precarious balancing act:- If people redeem more than the 10% of the receipts, Fred is in trouble.
- If so, the receipts become worthless, the money supply shrinks, and the local economy enters a recession.
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FOUR ESTATES A division of society based on the economic functions of consumption, production, regulation, and information that includes governments as the first estate, businesses as the second estate, consumers as the third estate, and journalists as the fourth estate.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a wall poster commemorating last Friday (you know why) or a country wreathe. Be on the lookout for defective microphones.
Your Complete Scope
This isn't me! What am I?
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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ANOVA
Analysis of Variance
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