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ECO 317 Intermediate Macroeconomics
ECO 317 Intermediate Macroeconomics

... I am in your 317 class and had a question regarding interest rates. Prior to class today I was reading an article that stated that a main reason why our economy has not felt the same effects of having a 70% debt to GDP ratio is that we have lower interest rates compared to European countries who hav ...
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Virtual economy

Money changers redirects here. For other uses, see Financial trading.A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game. People enter these virtual economies for recreation and entertainment rather than necessity, which means that virtual economies lack the aspects of a real economy that are not considered to be ""fun"" (for instance, avatars in a virtual economy often do not need to buy food in order to survive, and usually do not have any biological needs at all). However, some people do interact with virtual economies for ""real"" economic benefit.Despite primarily dealing with in-game currencies, this term also encompasses the selling of virtual currency for real money.
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