Examlex
In a competitive market for labour, the equilibrium wage always equals the value of the marginal product.
Federal Reserve
The Federal Reserve is the central bank of the United States, tasked with overseeing national monetary policy, regulating banks, maintaining financial stability, and providing financial services.
President
The elected head of a republican state or country.
Treasury Bills
Short-term government securities with maturities of one year or less, sold at a discount from their face value.
Market Rate
The prevailing interest rate available in the marketplace for loans or investments, often used as a reference for setting the rates on loans.
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