Google
Saturday 
January 20, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
LEGAL TYPES: The three primary types of legal firm organizations are: (1) proprietorship, (2) partnership, and (3) corporation. One primary difference between these three legal types are number of owners -- proprietorship has one, partnership has two or more (but usually a small number), and corporation can have anywhere from one or to millions. A second difference is the liability of the owners -- proprietorship and partnership owners have unlimited liability and corporation owners have limited liability. Three newer firm types include (1) limited partnership, (2) S corporation, and (3) limited liability company. Each of these three are hybrids, with characteristics of proprietorship, partnership, corporation.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

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

Topic: Interest-Rate Effect <=PAGE BACK | PAGE NEXT=>

Changes in the interest rate can alter consumption and investment spending.

Changes in the investment and consumption spending that occur when changes in the price level cause changes in the interest rate is the interest-rate effect.

  • Investment and consumption expenditures are made with borrowed funds. The interest rate affects the cost of borrowing these funds.
  • The price level affects the interest rate:
    • A higher price level induces a higher interest rate, which raises the cost of borrowing and discourages investment and consumption.
    • A lower price level induces a lower interest rate, which reduces the cost of borrowing and encourages investment and consumption.

Course Home | Lesson Menu | Page Back | Page Next

MARGINAL UTILITY

The additional utility obtained from the consumption or use of an additional unit of a good. It is specified as the change in total utility divided by the change in quantity. Marginal utility indicates what each additional unit of a good is worth to a consumer and provides a theoretical basis for understanding market demand and the law of demand. Marginal utility generally declines with increased consumption of a good, a reflection of the law of diminishing marginal utility.

Complete Entry | Visit the WEB*pedia


APLS

GREEN LOGIGUIN
[What's This?]

Today, you are likely to spend a great deal of time surfing the Internet looking to buy either a remote controlled World War I bi-plane or a wall poster commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki. Be on the lookout for deranged pelicans.
Your Complete Scope

This isn't me! What am I?

Only 1% of the U.S. population paid income taxes when the income tax was established in 1914.
"Act well at the moment, and you have performed a good action for all eternity."

-- Johann Kaspar Lavater

S&D
Supply and Demand
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster