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CAPITAL GOOD: A good that is a manufactured (or previously produced) factor of production that is used to manufacture or produce other things. Common examples of capital goods re the factories, buildings, trucks, tools, machinery, and equipment used by businesses in their productive pursuits. The acquisition of capital goods is the primary goal of business investment.

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Lesson 13: Aggregate Demand | Unit 3: The Curve Page: 11 of 22

Topic: Slope <=PAGE BACK | PAGE NEXT=>

The aggregate demand curve has a negative slope.
  • This negative slope means that households, business, government and foreign sectors are inclined to increase their aggregate spending on real production if the price level decreases and decrease spending if the price level rises.
Three reasons:
  • The real-balance effect.
  • The interest-rate effect.
  • The net-export effect.

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AVERAGE FIXED COST CURVE

A curve that graphically represents the relation between average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. This curve is constructed to capture the relation between average fixed cost and the level of output, holding other variables, like technology and resource prices, constant. The average fixed cost curve is one of three average curves. The other two are average total cost curve and average variable cost curve. A related curve is the marginal cost curve.

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APLS

PINK FADFLY
[What's This?]

Today, you are likely to spend a great deal of time at an auction wanting to buy either a combination CD player, clock radio, and telephone (with answering machine) or a revolving spice rack. Be on the lookout for the last item on a shelf.
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This isn't me! What am I?

In the early 1900s around 300 automobile companies operated in the United States.
"You have to find something that you love enough to be able to take risks, jump over the hurdles and break through the brick walls that are always going to be placed in front of you. If you don't have that kind of feeling for what it is you're doing, you'll stop at the first giant hurdle. "

-- George Lucas

AR(N)
A nth-order Autoregressive Process
A PEDestrian's Guide
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