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VERY SHORT RUN, MICROECONOMICS: A production period of time in which at all inputs in the production process are fixed, meaning the quantity of output itself is fixed. Also termed market period, the very short run exists if the period is so short that no additional production is possible. In other words, the good has been produced, all that remains is to sell it. This is one of four production time periods used in the study of microeconomics. The other three are short run, long run, and very long run.
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Lesson 20: Federal Reserve System | Unit 1: The Fed
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Page: 3 of 20
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- The basics of how Clarence the King discovered the regulatory function of the modern banking system.
- That the Federal Reserve System keeps banks operating through a combination of regulatory oversight and emergency reserves.
- That the Federal Reserve is a central bank, which is a government established and sanctioned bank with assorted financial tasks.
- That the Federal Reserve regulates the banking system and control the money supply.
- That the Federal Reserve was established in 1913 to prevent failed banks from shrinking the money supply and causing business cycles contractions.
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GAME THEORY An analysis that illustrates how the choices between two players affect the outcomes of a "game." Game theory is commonly used to explain the behavior and decision making of oligopolistic firms. It illustrates that cooperation, rather competition, between two "players" can lead to an outcome that is more beneficial to both players.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time wandering around the downtown area trying to buy either a green and yellow striped sweater vest or a Boston Red Sox baseball cap. Be on the lookout for deranged pelicans.
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This isn't me! What am I?
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A U.S. dime has 118 groves around its edge, one fewer than a U.S. quarter.
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"Follow effective action with quiet reflection. From the quiet reflection will come even more effective action. " -- Peter F. Drucker, author
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QP
Quoted Price
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