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COIN: A shiny metal disc, almost always authorized by a national government entity, with a raised impression of famous dead people on one side and a building or birds on the other that is used as money. U.S. coins are issued by the U.S. Treasury Department and come in denominations of pennies, nickels, dimes, quarters, half-dollars, and dollars. At one time, metal coins were comprised of valuable metal (that is, commodity money) in an amount equivalent to their face value. A dime had 10-cents worth of silver. A nickel had 5-cents worth of nickel. A penney had 1-cents worth of copper. Most modern coins, however, are fiat money, containing less valuable metal alloys. But they work just fine in vending machines.
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AGGREGATE SUPPLY INCREASE, SHORT-RUN AGGREGATE MARKET A shock to the short-run aggregate market caused by an increase in aggregate supply, resulting in and illustrated by a rightward shift of the short-run aggregate supply curve. An increase in aggregate supply in the short-run aggregate market results in a decrease in the price level and an increase in real production. The level of real production resulting from the shock can be greater or less than full-employment real production.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time strolling through a department store wanting 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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The first paper notes printed in the United States were in denominations of 1 cent, 5 cents, 25 cents, and 50 cents.
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"No man, for any considerable time, can wear one face to himself and another to the multitude without finally getting bewildered as to which may be true." -- Nathanial Hawthorne, Author
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TOCOM
Tokyo Commodity Exchange (Japan)
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