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January 17, 2019 

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JOHN MAYNARD KEYNES: A British economist (born 1883, died 1946) who is most noted for his work The General Theory of Employment, Interest, and Money, published 1936. The The General Theory revolutionized economic theory of the day, forming the foundation of Keynesian economics and creating the modern study of macroeconomics. Keynes was a well-known and highly respected economist prior to publication of The General Theory, however, this revolutionary work guaranteed Keynes a place as one of the most influential economists of all time.

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Lesson 2: Economic Science | Unit 4: Science and Practice Page: 16 of 20

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  • The hypothesis, theory, and verification process associated with a presumed relationship between course grades and class seating.
  • Different ways that an hypothesis relating grades and class seating can be stated.
  • The components of a possible 'intuitive' theory explaining grades and class seating.
  • How a hypothesized relationship between grades and seating might be tested using real world data.

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HORIZONTAL MERGER

The consolidation of two or more separately-owned businesses, operating in the same industry and producing competing products, into a single firm. This is one of three types of mergers. The other two are vertical merger--two firms in different stages of the production of one good--and conglomerate merger--two firms in separate, unrelated industries.

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APLS

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Today, you are likely to spend a great deal of time at a flea market looking to buy either a travel case for you toothbrush or a looseleaf notebook binder. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
"Being defeated is only a temporary condition; giving up is what makes it permanent."

-- Marilyn vos Savant, Author

FRS
Federal Reserve System
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