Course glossary
During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
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Demand for loanable fundsThe negative relationship between the real interest rate and the dollars invested by firms. | |
Demand scheduleA table showing qd for a good at various prices. | |
DepressionA prolonged, deep contraction in the business cycle. | |
Determinates of ADAD is a function of the four components of domestic spending (cigxx) if any of these components increases or decreases, holding the others constant, ad shifts right or left. | |
Determinates of ASAS is a function of many factors that impact the production capacity of the nation. If these factors make it easier, or less costly, for a nation to produce, as shifts to the right. If these factors make it more difficult, or more costly, for a nation to produce, then as shifts to the left. | |
Determinates of consumption and savingFactors that shift the consumption and saving functions in the opposite direction are wealth, expectations, and household debt. The factors that change consumption and saving in the same direction are taxes and transfers. | |
Determinates of demandThe external factors that shift d to the left or right. | |
Determinates of exchange ratesExternal factors that increase the price of one currency relative to another. | |
Discount rateThe i% commercial banks pay on short term loans from the FED. | |