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PIE CHART: A circular graph divided into wedges that is commonly used to present the division of a total among parts. The circular "pie" represents the total value and each slice represents the portion distributed to each category. Pie charts are a handy way to present information, but are not well suited for more involved economic analysis.
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Lesson 8: Market Shocks | Unit 4: Double Shifts
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Page: 17 of 20
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- How the market equilibrium can be disrupted by simultaneous shifts in the demand and supply curves.
- The four possible double shifts in the market: more demand and less supply, more demand and more supply, less demand and less supply, and less demand and more supply.
- That an increase in demand and an increase in supply results in an increase in quantity and an indeterminant change in price.
- That an increase in demand and a decrease in supply results in an increase in price and an indeterminant change in quantity.
- That a decrease in demand and a decrease in supply results in a decrease in quantity and an indeterminant change in price.
- That a decrease in demand and an increase in supply results in an decrease in price and an indeterminant change in quantity.
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FIXED INVESTMENT Capital investment expenditures for factories, machinery, tools, and buildings. This is one of two main categories of gross private domestic investment included in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other category is change in private inventories. This category is generally about 95 to 97 percent of gross private domestic investment and includes the capital goods that best reflect what most people consider capital investment.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale seeking to buy either a set of steel-belted radial snow tires or a wall poster commemorating the 2000 Presidential election. Be on the lookout for infected paper cuts.
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This isn't me! What am I?
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Francis Bacon (1561-1626), a champion of the scientific method, died when he caught a severe cold while attempting to preserve a chicken by filling it with snow.
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"Recipe for success. Study while others are sleeping; work while others are loafing, prepare while others are playing, and dream while others are wishing." -- William A. Ward
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NYBOR
New York Interbank Offered Rate
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