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CHANGE IN DEMAND: A shift of the demand curve caused by a change in one of the demand determinants. In essence, a change in demand is caused by any factor affecting demand EXCEPT price. This concept should be contrasted directly with a change in quantity demanded. You should also review the terms change in quantity supplied and change in supply, too. A change in demand is a change in ALL demand price-quantity demanded pairs, meaning that each price is matched up with a different quantity (which is illustrated as a shift of the demand curve). And this change in demand is caused by a change in any of the demand determinants. In contrast, a change in quantity demanded is a change from one price-quantity pair to the another (which is illustrated as a movement along a given demand curve).
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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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SECOND-DEGREE PRICE DISCRIMINATION A form of price discrimination in which a seller charges different prices for different quantities of a good. This also goes by the name block pricing. Second-degree price discrimination is possible because decidedly different quantities are purchased by different types of buyers with different demand elasticities. This is one of three price discrimination degrees. The others are first-degree price discrimination and third-degree price discrimination.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex seeking to buy either a small, foam rubber football or an instructional DVD on learning to the play the oboe. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?
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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.
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"Courage is the ladder on which all the other virtues mount." -- Claire Boothe Luce, diplomat, writer
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ADR
American Depositary Receipt, Asset Depreciation Range
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