short-run adjustment
21Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …
22Overshooting model — The Overshooting Model or Exchange rate overshooting, first developed by economist Rudi Dornbusch, aims to explain why exchange rates have a high variance. A key element of the model is that expectations of exchange rate changes are consistent… …
23economic growth — Process by which a nation s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or… …
24Market clearing — When markets clear, they are priced so that the entire supply is sold. However, retail stores usually restock goods as they are sold. In economics, market clearing refers to either a simplifying assumption made by the new classical school that… …
25The Holocaust — Holocaust and Shoah redirect here. For other uses, see Holocaust (disambiguation) and Shoah (disambiguation). Selection on …
26government economic policy — ▪ finance Introduction measures by which a government attempts to influence the economy. The national budget generally reflects the economic policy of a government, and it is partly through the budget that the government exercises its three …
27United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …
28Bretton Woods system — The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world s major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended… …
29international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …
30education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… …
