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Old 08-06-2011, 08:12 AM   #524
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Default Latest monetary issues

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goldilocks economy (NO, PO)<br />The US economy in the late 1990s when it enjoyed high growth without inflationary pressures. It was noted for its low rate of household saving and rising trade deficit.<br /><em>See also:</em> soft landing

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real exchange rate (F3)<br />A currency's value in terms of its real purchasing power. A basket of goods and services representative of an average consumer's purchasing is valued in the two currencies. This calculation is often made to show the relative cost of living for executives moving between the major cities of the world or to establish the real value of investment projects.<br /><em>See also:</em> purchasing power parity
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diminishing marginal utility law (D1) This states that the amount of satisfaction derived from the consumption of successive units of the same good or service will decline. The law is used to explain the

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