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SAVINGS AND LOAN ASSOCIATION: A depository institution chartered by the Federal Home Loan Bank that was established to assist home owners with low-cost mortgage loans using savings deposits. However, S&Ls have expanded their activities and now provide most of the services of traditional banks, including checkable deposits.

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Lesson 5: Market Demand | Unit 3: Demand Curve Page: 10 of 20

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A demand schedule can be use to plot a demand curve.
  • The connected plotted points are called a demand curve.
  • A demand curve has negative slope.
  • Higher prices correspond with smaller quantities.
  • The demand curve embodies the law of demand.

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INTERCEPT, CONSUMPTION LINE

The intercept of the consumption line indicates autonomous consumption, consumption that does not depend on the level of income or production. This can be thought of as the baseline level of consumption that would be undertaken if income falls to zero. Autonomous consumption is affected by the consumption expenditures determinants, which cause a change in the intercept and a shift of the consumption line. The value of the intercept of the saving line is the negative of the value of the intercept of the saving line.

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John Maynard Keynes was born the same year Karl Marx died.
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North America Free Trade Agreement
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