Economic growthOccurs when an economy’s production possibilities increase. |
EconomicsThe study of how people, firms, and societies use their scarce productive resources to best satisfy their unlimited material wants. |
EgalitarianismThe philosophy that all citizens should receive an equal share of the economic resources. |
Equation of exchangeThe equation says the gdp is equal to the q of money multiplied by the number of times each dollar is spent in a year. |
Equity financingThe firm’s method of raising funds for investment by issuing shares of stock to the public. |
Excess reservesThe portion of a deposit that may be borrow by customers. |
Exchange rateThe price of one currency in terms of a second currency. |
ExpansionA period where real GDP is growing. |
Expansionary fiscal policyIncreases in government spending or lower net taxes meant to shift the aggregate expenditure function upward and shift ad to the right. |
Expansionary monetary policyDesigned to fix a recession and increase AD, lower the u%, and increase GDP |