Examlex
Explain why (holding interest rates constant), a rise in the expected depreciation in a country's currency leads to depreciation of that currency today.
Short-Run Equilibrium
The price level and real GDP that result when the aggregate demand curve intersects the short-run aggregate supply curve.
Federal Funds Rate
The interest rate at which depository institutions lend reserve balances to other depository institutions overnight.
Price Stability
An economic condition in which prices remain largely stable, without rapid inflation or deflation.
Maximum Employment
A situation in which all available labor resources are being used in the most economically efficient way, one of the goals of economic policy.
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