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The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure. [1] The basic theorem states that in the absence of taxes , bankruptcy costs, agency costs , and asymmetric information , and in an efficient market , the enterprise ...
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In calculus, Rolle's theorem says that if a real-valued function f is continuous on a closed interval [a, b], differentiable on the open interval (a, b), and f(a) = f(b), then there exists a c in the open interval (a, b) such that f(c) is a maximum or a minimum and the gradient at x = c is zero, meaning f ′ (c) = 0.
The money multiplier is normally presented in the context of some simple accounting identities: [1] [2] Usually, the money supply (M) is defined as consisting of two components: (physical) currency (C) and deposit accounts (D) held by the general public.
The Curriculum Open-Access Resources in Economics Project (CORE Econ) is an organisation that creates and distributes open-access teaching material on economics. The goal is to make teaching material and reform the economics curriculum. [1] Its textbook is taught as an introductory course at almost 500 universities. [2]
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