Download M1 money supply components conforming to money`s role

M1
M2
macroeconomic equilibrium
macroeconomics
mandatory spending
margin requirement
marginal analysis
marginal cost
marginal product
marginal revenue
marginal tax rate
marginal utility
market
market basket
market demand curve
market economy
market equilibrium
market failure
market structure
market supply curve
maturity
measure of value
mediation
Medicaid
Medicare
medium of exchange
member bank
money supply components conforming to money's role as
medium of exchange; coins, currency, checks, other
demand deposits, traveler's checks (p. 429)
money supply components conforming to money's role as
a store of value; M1, savings deposits, time deposits (p.
430)
level of real GDP consistent with a given price level;
intersection of aggregate supply and aggregate demand (p.
445)
that part of economic theory dealing with the economy as
a whole and decision making by large units such as
governments and unions (p. 193)
federal spending authorized by law that continues without
the need for annual approvals of Congress (p. 260)
minimum deposits left with a stockbroker to be used as
partial payment on other securities (p. 423)
decision making that compares the extra cost of doing
something to the extra benefits gained (p. 131)
extra cost of producing one additional unit of production
(p. 129)
extra output due to the addition of one more unit of input
(p. 124)
extra revenue from the sale of one additional unit of
output (p. 130)
tax rate that applies to the next dollar of taxable income
(p. 229)
satisfaction or usefulness obtained from acquiring one
more unit of a product (p. 93)
meeting place or mechanism allowing buyers and sellers
of an economic product to come together; may be local,
regional, national, or global (p. 14)
representative collection of goods and services used to
compile a price index (p. 351)
demand curve that shows the quantities demanded by
everyone who is interested in purchasing a product (p. 91)
economic system in which supply, demand, and the price
system help people make decisions and allocate
resources; same as free enterprise economy (p. 36)
condition of price stability where the quantity demanded
equals the quantity supplied (p. 143)
market where any of the requirements for a competitive
market—adequate competition, knowledge of prices and
opportunities, mobility of resources, and competitive
profits—are lacking (p. 174)
market classification according to number and size of
firms, type of product, and type of competition (p. 164)
supply curve that shows the quantities offered at various
prices by all firms that sell the product in a given market
(p. 114)
life of a bond or length of time funds are borrowed (p.
321)
one of the three functions of money that allows it to serve
as a common denominator to measure value (p. 286)
process of resolving a dispute by bringing in a neutral
third party (p. 202)
joint federal-state medical insurance program for lowincome people (p. 265)
federal health-care program for senior citizens, regardless
of income (p. 233)
money or other substance generally accepted in
exchange; one of the three functions of money (p. 286)
bank belonging to the Federal Reserve System (p. 407)
member bank reserves
merger
microeconomics
minimum wage
misery index
mixed economy
modified free enterprise economy
modified private enterprise economy
modified union shop
monetarism
monetary policy
monetary standard
monetary unit
monetize the debt
money
money market
monopolistic competition
monopoly
moral suasion
most favored nation clause
multinational
multiplier
municipal bond
mutual fund
mutual savings bank
reserves kept by member banks at the Fed to satisfy
reserve requirements (p. 418)
combination of two or more business enterprises to form
a single firm (p. 68)
branch of economic theory that deals with behavior and
decision making by small units such as individuals and
firms (p. 89)
lowest legal wage that can be paid to most workers (p.
152, 216)
unofficial statistic that is the sum of monthly inflation and
the unemployment rate; same as discomfort index (p. 438)
see modified private enterprise economy (p. 51)
free enterprise system with some government
involvement; same as modified private enterprise
economy (p. 560)
free enterprise market economy where people carry on
their economic affairs freely, but are subject to some
government intervention and regulation (p. 51)
arrangement under which workers have the option to join
a union after being hired (p. 201)
school of thought stressing the importance of stable
monetary growth to control inflation and stimulate longterm economic growth (p. 453)
actions by the Federal Reserve System to expand or
contract the money supply in order to affect the cost and
availability of credit (p. 415)
mechanism that keeps a money supply durable, portable,
divisible, and stable in value; gold standard, silver
standard, fiat money standard (p. 292)
standard unit of currency in a country's money supply;
American dollar, British pound (p. 289)
process of creating enough additional money to offset
federal borrowing so that interest rates remain unchanged
(p. 427)
anything that serves as a medium of exchange, a measure
of value, and a store of value (p. 286)
market in which financial capital is loaned and or
borrowed for one year or less (p. 325)
market structure having all conditions of pure competition
except for identical products; form of imperfect
competition (p. 166)
market structure characterized by a single producer; form
of imperfect competition (p. 169)
Federal Reserve System's use of persuasion to accomplish
monetary policy; congressional testimony, press releases
(p. 424)
trade law allowing a third country to enjoy the same tariff
reductions the United States negotiates with another
country (p. 477)
corporation producing and selling without regard to
national boundaries and whose business activities are
located in several different countries (p. 72)
change in overall spending caused by a change in
investment spending (p. 448)
bond, often tax exempt, issued by state and local
governments; known as munis (p. 323)
company that sells stock in itself and uses the proceeds to
buy stocks and bonds issued by other companies (p. 316)
depositor-owned savings institution operated for the
benefit of depositors (p. 303)