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 | Hi all,
This week, I'm bringing you a mix of current events- some updates on the changing of the guard at the Federal Reserve and some information on Modern Monetary Theory- and background articles on the time horizons that economists consider as well as a way to measure leverage from the scale of production. Have fun!
Cheers,
Jodi Join the Facebook Page
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Handicapping the Race for the Next Fed Chair...
I've written before about the list of probable candidates to succeed Ben Bernanke as the next chair of the U.S. Federal Reserve. Read More
| So What Is Modern Monetary Theory, Anyway?
If you follow economics conversations on television, in the newspaper (read, online), or in the blogosphere, you've probably come across the term "modern monetary theory" at some point. Read More
| The Short Run Versus The Long Run
In economics, it's extremely important to understand the distinction between the short run and the long run. Read More
| Returns to Scale
In the short run, a firm's growth potential is usually characterized by the firm's marginal product of labor, i.e. the additional output that a firm can generate when one more unit of labor is added. Read More
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