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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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INFLATIONARY GAP, KEYNESIAN MODEL The difference between equilibrium aggregate production achieved in the Keynesian model and full-employment aggregate production that occurs when equilibrium aggregate production is greater than full-employment aggregate production. An inflationary gap, also termed an expansionary gap, is associated with a business-cycle expansion. The prescribed Keynesian remedy for an inflationary gap is contractionary fiscal policy. This is one of two alternative output gaps that can occur when equilibrium generates production that differs from full employment. The other is a recessionary gap.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time browsing about a thrift store trying to buy either a case of blank recordable DVDs or a pair of red goulashes with shiny buckles. Be on the lookout for the happiest person in the room.
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This isn't me! What am I?
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The average bank teller loses about $250 every year.
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"I do the best I know how, the very best I can, and I mean to keep doing so until the end. " -- Abraham Lincoln, 16th US president
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APR
Annual Percentage Rate
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