Examlex
Foreign exchange markets comprise a worldwide system for buying and selling currency.
Rational Expectations School
An economic idea that assumes individuals make predictions about the future based on all available information and past experiences in a rational manner.
Monetary Policy
The process by which a central bank controls the supply of money in an economy, typically targeting inflation, employment, and economic growth.
Potential Level
The potential level of output, or potential GDP, is the maximum amount of goods and services an economy can produce when it is fully utilizing its resources, without causing inflation to rise.
Fixed-growth-rate Monetary Policy
A monetary policy framework aiming to maintain a predetermined rate of growth in the money supply.
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