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HORIZONTAL AXIS: In a graph, this is one of two lines that intersect at a right angle at their origins. This is the "X-axis" that runs from right and left. In most analyses, the variable measured on the X-axis is consider to be the independent variable.
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Lesson 20: Federal Reserve System | Unit 2: What It Does
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Page: 5 of 20
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The United States had two attempts at central banking in the late 1700s and early 1800s. From 1836 to 1913, a period marked by perpetual economic turmoil, the United States had no central bank. With no central bank: - Banks played fast and loose with deposits and loans.
- They came up short of reserves and were forced to shut down, taking deposits with them.
- When deposits evaporated, so too did the financial wealth of customers and part of the money supply.
- Bank closings were seldom isolated events, bank panics usually spread rapidly throughout the economy.
- Without money, production went unsold and resources were unemployed.
- The Federal Reserve System was established in 1913. although imperfect, it has helped stabilize the economy.
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CONSUMPTION SCHEDULE A table or chart that represents the relation between household sector consumption and income. A consumption schedule is commonly used for a basic, instructional presentation of aggregate consumption activity by the household sector and is also used as a source of numbers for deriving the consumption line. The key measures derived from the consumption-income relation in the schedule are average propensity to consume and marginal propensity to consume. The saving schedule is comparable table for the relation between saving and income.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time wandering around the downtown area trying to buy either a pleather CD case or a how-to book on fine dining. Be on the lookout for slow moving vehicles with darkened windows.
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This isn't me! What am I?
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Two and a half gallons of oil are needed to produce one automobile tire.
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"If anything terrifies me, I must try to conquer it. " -- Francis Charles Chichester, yachtsman, aviator
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AOM
Australian Options Market
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