Examlex
Look at the following data: The frictional unemployment rate is 1.5 percent,the natural unemployment rate is 4.5 percent,and the cyclical unemployment rate is -1 percent.The structural unemployment rate is _________ percent and the actual unemployment rate (in this economy) is ___________ percent.
Checkable Deposits
Bank account balances that can be drawn upon by writing a check or using a debit card, functioning as money for everyday transactions.
Money Supply
The aggregate of cash and banking deposits that constitute the financial assets within an economy at a particular time.
Medium Of Exchange
An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties, commonly accepted in the form of money.
Barter
The exchange of goods and services between parties without the use of money as a medium of exchange.
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