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Economicae© |
an illustrated encyclopedia of economics |
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Famous Economists |
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Mathematics of Economics |
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Y-axis: |
The Y-axis is the vertical line along which one variable is measured in a 2-dimensional system of Cartesian coordinates. See the Cartesian coordinate system figure for more discussion. |
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yield curve: |
A yield curve shows the relationship between the expected rates of return on financial instruments and the time to maturity of these assets – the period that will elapse before the expected payments are due. Yield curves are usually positively sloped, and have especially steep slopes when short-term interest rates are unusually low. |
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yield to maturity: |
The yield to maturity (YTM) is the annually compounded interest rate on a financial security. |
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yellow-dog contracts: |
Some firms once required workers
to sign an agreement pejoratively called a yellow-dog contract not to join a
labor organization as a condition of employment. Such agreements are no
longer legal in the |
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yen: |
The yen (¥) is the official currency of |
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Y-intercept: |
The Y-intercept is the value of b in the formula of linear equation Y = mX + b. In a 2-dimension Cartesian space, the slope of the straight line is m, and b is the value of the variable on the Y-axis when the variable on the X-axis is zero. See the Cartesian coordinate system figure for more discussion. |
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yuan: |
The yuan is the official currency of China. |
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