Examlex
A person who has the legal right to bring an action in court has standing.
Open Market Purchases
Transactions by a central bank in which it buys securities from the market to increase the money supply and encourage economic activity.
Open Market Sales
The selling of government bonds and securities in the open market to control the money supply and influence interest rates.
Relative Price
The price of one good or service compared to the price of another, essentially showing the trade-off between the two items.
Menu Costs
Menu costs refer to the expenses incurred by firms in changing prices in response to market changes, including the physical costs of changing price tags and the costs of updating marketing materials.
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