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TOTAL PRODUCT AND AVERAGE PRODUCT: A graphical connection between total product curve and average product curve stating that the slope of a line between the origin and any point on the total product curve is equal to the average product. Imagine a ray shooting out of the origin and hitting the total product curve. As this ray hits each point on the curve, remaining anchored at the origin, the slope of the ray changes. And the slope of this ray is average product.
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Lesson 20: Federal Reserve System | Unit 4: Monetary Policy
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Page: 14 of 20
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Topic:
Open Market Operations
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Open market operations are the most important tool of monetary policy.- The Federal government budget deficit is financed by issuing or selling U.S. Treasury Securities, which are traded through the open market.
- Banks, corporations, government agencies, pension funds and regular people are the buyers and sellers in this 'open market' for Treasury Securities.
- Treasury Securities are low risk investments.
Two major players in the open market: - Commercial Banks: They use secure investments to ensure bank stability.
- Federal Reserve: They buy and sell treasury securities with the expressed goal of manipulating bank reserves and the money supply.
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OLIGOPOLY, CONCENTRATION Oligopoly is a market structure that contains a small number of relatively large firms, meaning oligopoly markets tend to be concentrated. A small number of large firms account for a majority of total output. Concentration unto itself is not necessarily bad, but it often leads to inefficient behavior, such as collusion and nonprice competition. Concentration is measured in three ways--market share, concentration ratio, Herfindahl index.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale seeking to buy either a cross-cut paper shredder or a birthday greeting card for your father. Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"Divide each difficulty into as many parts as is feasible and necessary to resolve it." -- Rene Descartes
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FDI
Foreign Direct Investment
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