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CHECKABLE DEPOSIT: A checking account deposit maintained by a bank, savings and loan association, credit union, or mutual savings bank. These accounts, also termed transactions deposits, let customers transfer funds easily and quickly to another person, which makes them ideally suited for use as money. Checkable deposits are typically between 60 and 70 percent of the M1 money supply.
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Lesson 23: Factor Market Equilibrium | Unit 1: Intro
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Page: 3 of 24
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- Let's review the notion of equilibrium.
- Equilibrium is the state that exists due to a balance between opposing forces, which remains unchanged until another force intervenes.
- Once achieved, equilibrium persists unless or until it is disrupted by an outside force.
- Equilibrium in the factor market works much the same, with the two opposing forces being:
- Factor Demand
- Factor Supply
- When these two opposing forces of factor demand and factor supply are in balance, we have factor market equilibrium.
- Should the factor market be out of equilibrium, then like any other market, it can experience a surplus or a shortage.
- A factor market surplus, especially in labor markets, is more commonly termed unemployment.
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INTERCEPT, SAVING LINE The intercept of the saving line indicates autonomous saving, saving that does not depend on the level of income or production. This can be thought of as the baseline level of saving that would be undertaken if income falls to zero. Autonomous saving is affected by the consumption expenditures determinants, which cause a change in the intercept and a shift of the saving line. The value of the intercept of the saving line is the negative of the value of the intercept of the consumption line.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex hoping to buy either a lazy Susan for you dining room table or a set of serrated steak knives, with durable plastic handles. Be on the lookout for rusty deck screws.
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
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"Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. " -- Steve Jobs, Apple Computer founder
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Osaka Securities Exchange (Japan)
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