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Albert is attacked by Bruce while getting out of his car in a store parking lot. Albert punches Bruce in the face, breaking Bruce's nose. When Bruce sues Albert for battery, Albert is likely to use ____ as a defense.
Quantitative Easing
A monetary policy where a central bank buys securities in the open market to increase the money supply and encourage lending and investment.
Reserve Requirement
A regulation set by central banks that determines the minimum amount of reserves that banks must hold against deposits.
Gross National Income
The total domestic and foreign output claimed by residents of a country, consisting of GDP plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
Net National Income
The total income of a nation after adding all payments from abroad and subtracting all payments to abroad, including depreciation.
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