Examlex
Explain what an economist means by the phrase "decisions made at the margin." Cite an example to support your answer.
Interest Rates
The percentage of a sum of money charged for its use, typically expressed on an annual basis.
Stock Prices
Stock prices represent the current market value per share of a company's stock, reflecting investor sentiment and market conditions.
Expectations Theory
A theory that explains the term structure of interest rates based on the idea that long-term interest rates are determined by the market's expectations of future short-term rates.
Yield Curve
A graph showing the relationship between bond yields and maturity dates, typically indicating expected interest rate changes.
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