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accommodatory monetary policy

accommodatory monetary policy  

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A policy of allowing the supply of money to expand in line with the demand for it. If the demand for money rises because of sustainable real growth in the economy, accommodatory monetary policy is ...
balanced budget amendment

balanced budget amendment  

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A proposal to compel the US government to balance its budget by a consitutional amendment forbidding further government borrowing. Such an amendment would remove the discretion to allow a deficit to ...
Black Monday

Black Monday  

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19 October 1987, the day on which world stock markets collapsed. In New York the Dow Jones index fell by 23 percent, and significant falls occurred in London and other major stock markets worldwide. ...
cheap money

cheap money  

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A monetary policy of keeping interest rates at a low level. This is normally done to encourage an expansion in the level of economic activity by reducing the costs of borrowing and investment. It was ...
deflation

deflation  

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The situation in which there is a general decrease in prices, especially when this is accompanied by falling levels of output, employment, and trade. Because of these associations, advocates of ...
Federal Reserve System

Federal Reserve System  

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The US system of central banking. This consists of a Board of Governors in charge of twelve District Reserve Banks (a district here means a group of states). The Governors are appointed by the ...
gold standard

gold standard  

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The setting of the value of a paper currency by reference to and exchangeable for gold (cf. convertibility). The USA operated a gold standard until 1971 fixed at US$35 an ounce.[...]
monetarism

monetarism  

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An economic theory based on the view that the quantity of money is the main determinant of money incomes. This is often combined with the view that markets tend to clear, and that people form ...
monetary policy

monetary policy  

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Those instruments, such as interest rates, reserve requirements, and term controls, at the disposal of government for influencing the timing, availability, and cost of money and credit in an economy ...
recession

recession  

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An overall decline in economic activity mainly observed as a slowdown in output and employment. It is not as severe or prolonged as a depression. A recession is often defined as real GDP falling for ...
Securities and Exchange Commission

Securities and Exchange Commission  

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(SEC)The main government agency responsible for supervising trade in securities and takeovers in the US.
stock market

stock market  

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1 See stock exchange.2 A market in which livestock are bought and sold.

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