Examlex
A farmer intends to fence o a rectangular pen for his pig Wilbur, using the barn as one of the sides. If the enclosed area is to be 50 square feet, what is smallest amount of fence needed, in feet?
Discount Rate
The interest rate charged by central banks for short-term loans to commercial banks.
Chinese Government
The political leadership and governing bodies of the People's Republic of China, comprising the Communist Party, the state institutions, and the military.
Liquidity Trap
At very low interest rates, said John Maynard Keynes, people will neither lend out their money nor put it in the bank, but will simply hold it.
Liquidity Trap
A situation in which interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.
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