Examlex
A contract by which one person promises to compensate or reimburse another if he or she suffers a loss from a specific cause or a negligent act is
Short Run
A period in economics during which at least one input is fixed, limiting the capability of the economy or business to adjust to changes in demand or conditions immediately.
Long Run
The long run is a period in economics in which all factors of production and costs are variable, allowing full industry adjustment to changes.
Federal Funds Rate
The interest rate at which banks make overnight loans to one another
Money Demand
The desire to hold cash rather than other forms of assets due to its liquidity, determining how much money is needed for transactions, precautionary, and speculative motives.
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