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January 20, 2018 

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VERTICAL ADDITION: In graphical analysis, the technique of combining two curves by adding the value of the variable on the vertical or Y axis for a given value of the variable on the horizontal or X axis. This is commonly used for deriving the demand curve for a public good from a set of individual demand curves. The demand price that each individual buyer is willing to pay is added for a given quantity to identify the total benefits obtained.

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CONSUMPTION-INCOME RELATION: The relation between household sector consumption expenditures and income. This relation captures the fundamental psychological law and is a cornerstone of Keynesian economics. It is generally represented by either the consumption schedule or the consumption line.

     See also | Keynesian economics | consumption | income | psychological law | consumption line | consumption schedule |


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MARKET DISEQUILIBRIUM

The state of the market that exists when the opposing market forces of demand and supply do achieve a balance and there is an inherent tendency for change. Market disequilibrium results if the market is not in equilibrium. More specifically, market disequilibrium results if the demand price is not equal to the supply price and the quantity demanded is not equal to the quantity supplied.

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Today, you are likely to spend a great deal of time wandering around the downtown area looking to buy either handcrafted decorations to hang on your walls or throw pillows for your bed. Be on the lookout for high interest rates.
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Lombard Street is London's equivalent of New York's Wall Street.
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