Absolute (Money) Price

Equity (in a House) The difference
between the price the house can be sold for
and what one owes on the house.
Excess Capacity Theorem A monopolistic competitor in equilibrium produces
an output smaller than the one that would
minimize its costs of production.
Excess Reserves Any reserves held beyond
the required amount; the difference between
(total) reserves and required reserves.
Exchange (Trade) The giving up of one
thing for something else.
Exchange Rate The price of one currency
in terms of another currency.
Excludable A characteristic of a
good whereby it is possible, or not prohibitively costly, to exclude someone from
receiving its benefits after it has been
produced.
Expansionary Fiscal Policy Increases in
government expenditures and/or decreases
in taxes to achieve particular economic
goals.
Expansionary Monetary Policy The
policy by which the Fed increases the money
supply.
Expectations Effect The change in the
interest rate due to a change in the expected
inflation rate.
Explicit Cost A cost incurred when an
actual (monetary) payment is made.
Exports Total foreign spending on
domestic (U.S.) goods.
Externality A side effect of an action that
affects the well-being of third parties.
F
Face Value (Par Value) Dollar amount
specified on a bond, the total amount the
issuer of the bond will repay to the buyer of
the bond.