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CHECKABLE DEPOSITS: Checking account deposits maintained by banks, savings and loan associations, credit unions, or mutual savings banks. These accounts, also termed transactions deposits, let customers transfer funds easily and quickly to another person, which makes them ideally suited for use as money. Checkable deposits are typically between 60 and 70 percent of the M1 money supply.
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RESOURCE QUALITY, AGGREGATE SUPPLY DETERMINANT One of three categories of aggregate supply determinants assumed constant when the short-run or long-run aggregate supply curves are constructed, and which shifts both aggregate supply curves when it changes. An increase in a resource quality causes an increase (rightward shift) of both aggregate supply curves. A decrease in a resource quality causes a decrease (leftward shift) of both aggregate supply curves. The other two categories of aggregate supply determinants are resource quantity and resource price. Specific determinants falling into this general category include education and technology. Anything affecting the quality of labor, capital, land, and entrepreneurship is also included.
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The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
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"One person with a belief is equal to a force of ninety-nine with only interests." -- John Stuart Mill
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GARP
Generalized Axioms of Revealed Preference
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