Examlex
Why is it necessary to distinguish between the target federal funds rate range and the market federal funds rate?
Incomplete
Characterizing something as not fully finished, lacking some parts, or not comprehensive.
Transitive
A relation is described as transitive if, whenever it relates some A to B and B to C, it also relates A to C.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of utility or satisfaction.
Perfect Substitutes
Two goods for which consumers are completely indifferent as to which to consume, meaning the consumption of one good can fully replace consumption of the other.
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