Clean Air Act
A legislation setting standards for atmospheric pollution in the United States, requiring the EPA to establish air quality standards and emission control guidelines.
Classical Model
A model of the economy assuming price, wage, and interest rate flexibility with fully employed factors and output growth dependent on factor supply growth.
Compensating Variation
Exploration of compensating variation, including definitions, historical context, and major theoretical frameworks.
Co-Insurance
The sharing of risk between the insurer and the insured.
Conservative Central Banker
A central banker with a higher valuation of price stability relative to activity levels than the average for a country’s population.
Citizen Candidate
A model of representative government where any citizen can be a candidate for political office, illustrating how economic policies emerge from a political process.
Clearing - Definition and Meaning
Definition and explanation of the clearing system in banking, including its processes and significance.
Clearing-house
An institution for offsetting interbank claims, minimizing fund transfers between banks.
Capital Movements
The movement of capital between countries, either as outflows of domestically owned capital to foreign countries or inflows of foreign-owned capital into a country.
Consumer Non-Durables
Consumer non-durables are goods that are used up quickly and are not serviceable beyond their immediate one-time use.
Causality
An exploration of causality, focusing on Granger causality within econometrics