Examlex
Explain the traditional interest-rate channel for expansionary monetary policy. Explain how a tight monetary policy affects the economy through this channel.
Union
In set theory, the combination of two sets to form a set that includes any elements that are a member of at least one of the original sets.
Independent Events
Describes two events where the occurrence of one does not affect the probability of the occurrence of the other.
Conditional Probability
The odds of an event taking place assuming another distinct event has occurred previously.
Joint Probability
The probability of two or more events happening at the same time, assuming there is some relationship between the events.
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