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IADB: (Inter-American Development Bank) A regional multilateral development institution established 1959 to help accelerate economic and social development in Latin America and the Caribbean. The Bank provides loans and technical assistance using capital provided by its member countries, as well as resources obtained in world capital markets through bond issues. The Bank is owned by its 46 member countries: 26 borrowing member countries in Latin America and the Caribbean, and 20 nonborrowing countries, including the United States, Japan, Canada, 16 European countries, and Israel. The Inter-American Development Bank has its headquarters in Washington, DC.
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Lesson 9: Macro Basics | Unit 2: Macro Problems
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Page: 5 of 16
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Unemployment exists when resources, specially labor, are willing and able to produce goods but are not employed because no one is buying production.- Voluntary unemployment occurs when people choose not to work.
- Involuntary unemployment occurs when people are willing to work, but can't find employment.
Unemployment problems:- The economy suffers because unemployed resources are not producing goods to lessen the scarcity problem.
- The unemployed suffer personal hardships and a lower living standard.
Production lost from unemployed resources can never be recouped.
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MARKET-CLEARING PRICE The price that exists when a market is clear of shortage and surplus, or is in equilibrium. Market-clearing price is a common, non-technical term for equilibrium price. In a market graph, the market-clearing price is found at the intersection of the demand curve and the supply curve.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time going from convenience store to convenience store hoping to buy either a how-to book on home repairs or a large, stuffed kitty cat. Be on the lookout for slightly overweight pizza delivery guys.
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The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
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"Life is a promise; fulfill it. " -- Mother Teresa, humanitarian
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IAB
Inter-American Bank
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