Details Title: aaec 1006 test 4 Description: ag econ macro ellerbrock virginia tech Total Flash Cards: 8 Created: 05/05/2009 17:32:35		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Agriculture Flashcards
Cards in this set: Term compounding Definition if the treasury borrows money to pay off old debt, the interest rate compounds Term crowding out Definition when the treasury borrows huge amounts of money, there's less money left for consumer and corporate loans Term crowding in Definition when the treasury borrows huge amounts of money, it spends it, stimulating the economy and creating jobs Term intranational debt Definition Americans owing Americans (the treasury borrows mostly from Americans) Term intragenerational transfer Definition middle-class Americans paying the taxes which are owed to the wealthy Americans Term intergenerational transfer Definition future generations will pay debt that benefits current generations now Term exchange value Definition high interest rates induced by large deficits increase the value of the dollar relative to other currencies Term foreign exchange Definition US imports tend to rise; exports tend to decline