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endogenous growth theory (04)<br />An explanation of ECONOMIC GROWTH as the product of the structural features of an ECONOMY. An early theory was HARROD'S warranted rate of growth that made the growth rate depend on the savings ratio and output-capital ratio, both structural features. Later versions of this theory had foundations in microeconomics and emphasized the contribution of accumulated HUMAN CAPITAL to increased productivity. endowment (A1)<br />1 An original asset, especially land; inherent ability.<br /> 2 Something of value bestowed upon another.
<strong>Lender of Last Resort (LLR)</strong> – A student loan lender that agrees to make Stafford Loans to qualified students, regardless of the type of school, school' s CDA, etc. The MDHE offers an LLR program for Missouri students.
green currency (F3)<br />The exchange rate for converting the agricultural prices of the EUROPEAN COMMUNITY into the domestic prices of a particular member country, originally expressed in EUROPEAN UNIT OF ACCOUNTS.
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