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REAL PURCHASING POWER: The ability to acquire wants-and-needs satisfying goods and services with income or money. The real purchasing power of income or money depends on the prices of the goods and services. If the price level, for example, doubles, then a given amount of money can purchase half as many goods and services.
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GOVERNMENT PURCHASES DETERMINANTS Ceteris paribus factors, other than aggregate income or production, that are held constant when the government purchases line is constructed and which cause the government purchases line to shift when they change. Some of the more important government purchases determinants are fiscal policy and politics.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
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"The truth is not for all men, but only for those who seek it. " -- Ayn Rand, writer
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DIDMCA
Depository Institutions Deregulation and Monetary Control Act
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