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MACROECONOMY: The aggregate, or national economy that is the prime focus of the study of macroeconomics.
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AXES: Two number lines that are joined at a right angle such that they intersect at their zero points (called the origin). The vertical axis is by convention termed the Y-axes and the horizontal axis is termed the X-axis. These axes are used to locate or plot pairs of numbers in coordinate space, one value for the X-variable coordinate and a corresponding value for the Y-variable coordinate. More often than not, coordinate number pairs are used to plot relationships that can be connected by one or more lines. This line construction procedure is one of the more powerful tools used by economists. Economists typically analyze relationships between two variables, such as price and quantity demanded. By letting one axis measure price and the other measure quantity demanded, these axes form the framework, the guidelines if you will, for constructing a demand curve (the relationship between price and quantity demanded). Once we have an abstract relationship graphed out, then it can be used to perform all sorts of economic analysis. See also | origin | vertical axis | horizontal axis | curve | slope | quantity demanded | demand curve | economic analysis |
Recommended Citation:AXES, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: October 21, 2024].
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INVESTMENT LINE A graphical depiction of the relation between investment expenditures by the business sector and the economy's aggregate level of income or production. This relation plays a key role in the study of Keynesian economics. A investment line is characterized by vertical intercept, which indicates autonomous investment, and slope, which is the marginal propensity to invest and indicates induced investment. The aggregate expenditures line used in Keynesian economics is derived by adding or stacking the investment line onto the consumption line, then adding government purchases and net exports to this stack.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius wanting to buy either a key chain with a built-in flashlight and panic button or a green and yellow striped sweater vest. Be on the lookout for malfunctioning pocket calculators.
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Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
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"A stumble may prevent a fall. " -- Margaret Thatcher, British prime minister
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ATO
At The Opening
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