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October 17, 2018 

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LIMITED LIABILITY COMPANY: A relatively new legal firm type that operates very much like a partnership, but in which every owner has limited liability. The advantage of a limited liability company, over a limited partnership, is that every owner has limited liability. It also has advantages over an S corporation in that very few restrictions exist on who can be an owner.

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INTERNATIONAL FINANCE: The economic interaction among different nations involving the monetray payments and the exchange of currency. The cornestone of international finance is foreign exchange, including foreign exchange markets and exchange rates. International trade, the study of trade between nations, is a related area of international economics. A summary of international trade undertaken by a particular nation is given with the balance of payments.

     See also | international economics | international trade | balance of payments | foreign exchange | foreign exchange market | exchange rate |


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SLOPE, AGGREGATE DEMAND CURVE

The negative slope of aggregate demand curve, reflecting the inverse relation between the price level and aggregate expenditures on real production, is attributable to three primary effects--real-balance effect, interest-rate effect, and net-export effect.

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Today, you are likely to spend a great deal of time browsing about a thrift store trying to buy either a rechargeable flashlight or storage boxes for your computer software CDs. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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John Maynard Keynes was born the same year Karl Marx died.
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