Quantitative Easing
An unconventional monetary policy in which a central bank purchases private sector financial assets in order to lower interest …
Risk Averse
A description of an investor who, when faced with two investments with a similar expected return (but different risks), will …
Indirect Tax
A tax that increases the price of a good so that consumers are actually paying the tax by paying more for the products. An …
Zero-Sum Game
A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. …
Beta
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. …
Demand Elasticity
In economics, the demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables. …