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Monetary policy instruments are used for managing short-term rates (the federal funds rate and discount rates in the U.S.), and changing reserve requirements for commercial banks. Monetary policy can be either expansive for the economy (short-term rates low relative to the inflation rate ) or restrictive for the economy (short-term rates high ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Bass guitarist and youtuber Charles Berthoud also makes extensive use of detuners, generally on a LeFay D-Tuner (which as the name hints was designed with a detuner on each string). Adrian Legg is a popular guitarist making use of rapid tuning changes. He was prominent in the late 1980s. The idea may have originated from the double bass extenders.
These factors move slowly, so that it is a reasonable approximation to take them as given in a medium-term time scale, though labour market policies and competition policy are instruments that may influence the economy's structures and hence also the medium-run equilibrium
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
Four teams, three games, one night. That's the plan for the 2025 NBA All-Star Game in San Francisco, confirmed after months of discussion around the lack of competitiveness and -- well, defense ...
President Joe Biden announced he would commute the sentences of 37 individuals on federal death row. Here's what that means.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...