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The Federal Reserve – The US Central Bank practiced sterilization in the troubled interwar period leading up to the Great Depression.. In macroeconomics, sterilization is action taken by a country's central bank to counter the effects on the money supply caused by a balance of payments surplus or deficit. [1]
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 ...
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 ...
Insert question mark: sp: Spell out: Used to indicate that an abbreviation should be spelled out, such as in its first use stet: Let it stand: Indicates that proofreading marks should be ignored and the copy unchanged tr: transpose: Transpose the two words selected wf: Wrong font: Put text in correct font ww [3] Wrong word: Wrong word used (e.g ...
A copper retort A glass retort. In a chemistry laboratory, a retort is a device used for distillation or dry distillation of substances. It consists of a spherical vessel with a long downward-pointing neck. The liquid to be distilled is placed in the vessel and heated.
A certified check is a personal check that an account holder’s bank has confirmed is backed by sufficient funds and bears a legitimate signature. The amount of money on a certified check is ...
Optical mark recognition (OMR) is the scanning of paper to detect the presence or absence of a mark in a predetermined position. [4] Optical mark recognition has evolved from several other technologies. In the early 19th century and 20th century patents were given for machines that would aid the blind. [2]
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...