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INDEPENDENT VARIABLE: A variable that is identified outside the workings of the model. Also termed an exogenous variable, an independent variable is in essence the "input" of the model. It should be compared with an endogenous variable this is the "output" of the model.
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Lesson 20: Federal Reserve System | Unit 4: Monetary Policy
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Page: 17 of 20
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In addition to open market operations, discount rate, and reserve requirements, the Fed has an additional tool called moral suasion. Moral suasion: - It is a policy in which the Fed, usually the Chairman of the Board of Governors, requests that the banking system take some sort of action.
- These requests are usually contrary to what banks are currently doing and likely to do under current economic conditions.
- Moral suasion can and does work in the short run, especially during crisis periods.
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AVERAGE PRODUCT The quantity of total output produced per unit of a variable input, holding all other inputs fixed. Average product, usually abbreviated AP, is found by dividing total product by the quantity of the variable input. Average product, which occasionally goes by the alias average physical product (APP), is one of two measures derived from total product. The other is marginal product.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale hoping to buy either galvanized steel storage shelves or a large green chalkboard shaped like the state of Maine. Be on the lookout for neighborhood pets, especially belligerent parrots.
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The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
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"Lord, where we are wrong, make us willing to change; where we are right, make us easy to live with. " -- Peter Marshall, US Senate chaplain
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CPS
Current Population Survey (US)
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