MONETARISM
School of economic thought based on the belief the inflation leans on how much money the government issues. It is nearly associated with Nobel-Laureate professor Milton Friedman, who argued the government should keep the money supply fairly stable, raising it slightly every year mostly to allow the economy’s natural growth. It is against any goals to control economy through fiscal-policy, and advocates supply-side economics and cutting government-spending.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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