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QUASI-PUBLIC: A good or activity that is some, but not all characteristics of a public good or activity. The term quasi-public is often used in connection with business activities that are privately controlled, but which are authorized by government legislation. The Federal National Mortgage Association is one example. Quasi-public is also commonly used in reference to goods that have one but not both of the key characteristics of a public good--nonrival consumption or nonexcludability of nonpayers. Information are transportation examples of quasi-public goods in which nonpayers can be excluded from use (like a private good) but are nonrival in consumption (like a public good).
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AUTONOMOUS NET EXPORTS Net exports by the foreign sector that do not depend on income or production (especially national income or gross domestic product). That is, changes in income do not generate changes in net exports. Autonomous net exports are best thought of as net exports that the foreign sector undertakes independent of income. They are measured by the intercept term of the net exports line. The alternative to autonomous net exports is induced net exports, which do depend on income.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time surfing the Internet trying to buy either decorative garden figurines or a wall poster commemorating last Friday (you know why). Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
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This isn't me! What am I?
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John Maynard Keynes was born the same year Karl Marx died.
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"When we do the best that we can, we never know what miracle is wrought in our life, or in the life of another." -- Helen Keller
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M2
M1 plus savings types of near monies, including savings deposits, certificates of deposits, money market deposits, repurchase agreements, and Eurodollars
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