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October 25, 2014 

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A: The common notation for the "intercept" term of an equation specified as Y = a + bX. Mathematically, the a-intercept term indicates the value of the Y variable when the value of the X variable is equal to zero. Theoretically, the a-intercept is frequently used to indicate exogenous or independent influences on the Y variable, that is, influences that are independent of the X variable. For example, if Y represents consumption and X represents national income, a measures autonomous consumption expenditures.

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MARKET CLEARING: The price and quantity that equates the quantity demanded and quantity supplied; equates the demand price and supply price; and achieves market equilibrium. In other words, the market is "cleared" of shortages and surpluses.

     See also | quantity demanded | quantity supplied | shortage | surplus | market equilibrium | equilibrium price | equilibrium quantity | market disequilibrium |


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MARKET CLEARING, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2014. [Accessed: October 25, 2014].


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ALLOCATION EFFECT

A change in the allocation of resources caused by placing taxes on economic activity. By creating disincentives to produce, consume, or exchange, taxes generally alter resource allocations. The allocation effect is typically used when governments seek to discourage the production, consumption, or exchange of particular goods or activities that are deemed undesirable (such as tobacco use or pollution). This is one of two effects of taxation. The other (primary) is the revenue effect, which is the generation of revenue used to finance government operations.

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APLS

State of the ECONOMY

Consumer Price Index Urban
August 2014
237.852
Up 1.7% from August 2013 Source: BLS

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YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time driving to a factory outlet trying to buy either a computer that can play video games and burn DVDs or a black duffle bag with velcro closures. Be on the lookout for broken fingernail clippers.
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This isn't me! What am I?

One of the largest markets for gold in the United States is the manufacturing of class rings.
"We work to become, not to acquire. "

-- Elbert Hubbard, editor

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