Policy

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CD rates have still been rising in several terms—setting a handful of new records. But rates are flat or fading in other terms. Is...

M3 is a measure of the money supply that includes M2, large time deposits, institutional money market funds, and short-term repurchase agreements.

The participation rate and unemployment rate are both used to gauge the health of the job market but in completely different ways.

Rational expectations theory proposes that outcomes depend partly upon expectations borne of rationality, past experience, and available information.

Optimum currency area (OCA) theory states that there are regions, not bounded by national borders, that should share a common currency.

Market access refers to the ability of a company or country to sell goods and services across borders.