Examlex
Don Crabtree's experimental flintknapping research:
Liquidity Traps
A situation in which monetary policy becomes ineffective because people hoard cash instead of spending or investing due to expectations of adverse events.
Central Bank
A central bank is the national financial authority responsible for overseeing the monetary system, managing currency supply, and aiming to maintain economic stability.
Lower Bound
A minimum level, often referring to the lowest interest rate that can be effectively implemented by central banks.
Money Supply
The total amount of monetary assets available in an economy at a specific time, which includes cash, coins, and balances held in checking and savings accounts.
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