MONETARY POLICY
\mˈʌnɪtəɹi pˈɒlɪsi], \mˈʌnɪtəɹi pˈɒlɪsi], \m_ˈʌ_n_ɪ_t_ə_ɹ_i p_ˈɒ_l_ɪ_s_i]\
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Government's chosen economic strategy, deciding to increase or decrease the country's money supply. A monetary policy is typically applied through the central bank. Three major tools are: (1) buying or selling national debt, (2) changing credit restrictions, and (3) changing interest rates and reserve requirements. In control of the aggregate demand it plays the dominant role over, by extension, of economic inflation. Also known as monetary regime. Also refer to monetarism.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.