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ADVERTISING: Information provided about a product by a company to promote or maintain sales, revenue, and or profit. Advertising is often an explicit method of signalling that sellers use to provide information to buyers. The primary objective of advertising from the sellers perspective is to increase (or at least maintain) demand for a product. To accomplish this objective advertising provides buyers with two important types of information -- prices and product quality.
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MACROECONOMIC THEORIES: Scientific theories that seek to explain phenomena associated with the macroeconomy. The primary phenomena investigated are unemployment, inflation, and the level of aggregate production. Macroeconomic theories also inevitably provide policy recommendations intended to improve the performance of the economy and to correct macroeconomic problems. A few of the more noted macroeconomic theories are: Classical economics, Keynesian economics, aggregate market (AS-AD) analysis, IS-LM analysis, Monetarism, and New Classical economics. See also | macroeconomic problems | unemployment | inflation | theory | verification | economic science | macroeconomy | gross domestic product | unemployment | inflation | interest rate | consumption expenditures | price level | investment expenditures | saving | taxes | Adam Smith | flexible prices | market equilibrium | full employment | production | aggregate demand | Classical economics | Keynesian economics | John Maynard Keynes | stagflation | financial market | product market | money | scientific method | economic analysis | political views | conservative | liberal | circular flow | macroeconomic sectors | macroeconomic markets | product markets | financial markets | business cycles | stabilization policies | Nobel Prize in Economic Sciences | conservative | liberal |
Recommended Citation:MACROECONOMIC THEORIES, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: July 27, 2024].
AmosWEB Encyclonomic WEB*pedia:Additional information on this term can be found at: WEB*pedia: macroeconomic theories
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PERFECT COMPETITION, LOSS MINIMIZATION A perfectly competitive firm is presumed to produce the quantity of output that minimizes economic losses, if price is greater than average variable cost but less than average total cost. This is one of three short-run production alternatives facing a firm. The other two are profit maximization (if price exceeds average total cost) and shutdown (if price is less than average variable cost).
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale hoping to buy either a bookshelf that will fit in your closet or a birthday greeting card for your grandfather. Be on the lookout for gnomes hiding in cypress trees.
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On a typical day, the United States Mint produces over $1 million worth of dimes.
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"You miss 100% of the shots you never take. " -- Wayne Gretzky, hockey player
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PPF
Production Possibilities Frontier
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