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Textbooks / Business / Personal Financial Literacy 1

Personal Financial Literacy 1st Edition - Solutions by Chapter

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Full solutions for Personal Financial Literacy | 1st Edition

ISBN: 9780538444521

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Personal Financial Literacy | 1st Edition - Solutions by Chapter

Solutions by Chapter
4 5 0 360 Reviews
Textbook: Personal Financial Literacy
Edition: 1
Author: Joan Ryan
ISBN: 9780538444521

This textbook survival guide was created for the textbook: Personal Financial Literacy, edition: 1. Personal Financial Literacy was written by and is associated to the ISBN: 9780538444521. This expansive textbook survival guide covers the following chapters: 46. Since problems from 46 chapters in Personal Financial Literacy have been answered, more than 4074 students have viewed full step-by-step answer. The full step-by-step solution to problem in Personal Financial Literacy were answered by , our top Business solution expert on 03/16/18, 04:07PM.

Key Business Terms and definitions covered in this textbook
  • collusion

    an agreement among firms in a market about quantities to produce or prices to charge

  • consumer surplus

    the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it

  • demand deposits

    balances in bank accounts that depositors can access on demand by writing a check

  • discouraged workers

    individuals who would like to work but have given up looking for a job

  • discrimination

    the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics

  • equilibrium

    a situation in which the market price has reached the level at which quantity supplied equals quantity demanded

  • Giffen good

    a good for which an increase in the price raises the quantity demanded

  • human capital

    the accumulation of investments in people, such as education and on-the-job training

  • internalizing the externality

    altering incentives so that people take account of the external effects of their actions

  • macroeconomics

    the study of economy-wide phenomena, including inflation, unemployment, and economic growth

  • microeconomics

    the study of how households and firms make decisions and how they interact in markets

  • monetary policy

    the setting of the money supply by policymakers in the central bank

  • mutual fund

    an institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds

  • nominal exchange rate

    the rate at which a person can trade the currency of one country for the currency of another

  • Phillips curve

    a curve that shows the short-run trade-off between inflation and unemployment

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • producer surplus

    the amount a seller is paid for a good minus the seller’s cost of providing it

  • public saving

    the tax revenue that the government has left after paying for its spending

  • total revenue (in a market)

    the amount paid by buyers and received by sellers of a good, computed as the price of the good times the quantity sold

  • velocity of money

    the rate at which money changes hands

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