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April 21, 2018 

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Y-AXIS: In a graph, this is one of two lines that intersect at a right angle. This is the "vertical axis" that runs up and down.

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Lesson 2: Economic Science | Unit 5: Cause and Effect Page: 20 of 20

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  • How and why the scientific method seeks to identify the fundamental cause and effect links that constitute scientific principles.
  • Why correlation between events is the first step when identifying cause and effect links.
  • The importance of considering time proximity and time sequence when identifying cause and effect links.
  • How a simple example dealing with the effect of advertising on the production and sales of shoes involves several different cause and effect links.

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SLOPE, GOVERNMENT PURCHASES LINE

The positive slope of the government purchases line is also termed the marginal propensity for government purchases (MPG). This slope is greater than zero but less than one, reflecting induced government purchases. The slope of the government purchases line affects the slope of the aggregate expenditures line and thus also affects the magnitude of the multiplier process.

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BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time searching for a specialty store seeking to buy either a small, foam rubber football or an instructional DVD on learning to the play the oboe. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
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Three-forths of the gold mined each year is used to manufacture jewelry.
"Inside the ring or out, ain't nothing wrong with going down. It's staying down that's wrong. "

-- Muhammad Ali

Q-RATIO
Ratio of Total Market Value of Physical Assets
A PEDestrian's Guide
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