Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

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đź“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Rawlsian Social Welfare Function
An examination of the social welfare function prioritizing the utility of the worst-off member of society, inspired by John Rawls' principles.
Reaction Curve
An optimal strategy of one player in a game expressed as a function of the strategy choices of other players
Reaganomics
The policy combination of tight monetary policy to discourage inflation and lax public finance to encourage real growth during Ronald Reagan's presidency.
Real Balance Effect
The effect on spending of changes in the real value of money balances, influencing inflation and savings behavior.
Real Balances
An examination of the term 'real balances' in economics, including its definition, historical context, and analytical frameworks.
Real Business Cycle
A theory of the business cycle attributing fluctuations to random technology shocks and emphasizing efficient responses to these shocks.
Real Costs
A comprehensive overview of real costs in economic terms, encompassing foundational concepts, historical context, and analytical frameworks.
Real Effective Exchange Rate
The real effective exchange rate (REER) is the exchange rate of a country’s currency against a weighted combination of other currencies, adjusted for relative consumer prices, and reflects the overall competitiveness of the country.