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December 4, 2016 

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Something, something about finals?

Lack of sleep.
Roommate finishing early.
No more boring lectures.
Semester almost over.
Forgot you were taking a class.
That other thing.

LABOR SLOWDOWN: A technique used by workers, generally labor union members, who reduce their productivity in an attempt to achieve a particular goal or objective. The goal pursued tends to be relatively minor, such as better lighting, and thus not worth engaging in a formal strike.

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PARADOX OF THRIFT: The notion that an increase in saving, which is prudent for an individual during bad economic times, is not the best course of action for the macroeconomy. If total saving in the economy increases, then consumption and aggregate expenditures decline, which causes a decline in aggregate output.

     See also | saving | consumption expenditures | contraction | business cycle | multiplier | aggregate expenditures | aggregate output |


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PARADOX OF THRIFT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2016. [Accessed: December 4, 2016].


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AVERAGE TOTAL COST CURVE

A curve that graphically represents the relation between average total cost incurred by a firm in the short-run product of a good or service and the quantity produced. The average total cost curve is constructed to capture the relation between average total cost and the level of output, holding other variables, like technology and resource prices, constant. The average total cost curve is one of three average curves. The other two are average variable cost curve and average fixed cost curve. A related curve is the marginal cost curve.

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APLS

State of the ECONOMY

U.S. Exports
June 2015
$188.6 billion
Down 0.1% from May 2015: Econ. Stat. Admin.

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BEIGE MUNDORTLE
[What's This?]

Today, you are likely to spend a great deal of time going from convenience store to convenience store wanting to buy either a T-shirt commemorating the 2000 Presidential election or a really, really exciting, action-filled video game. Be on the lookout for rusty deck screws.
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More money is spent on gardening than on any other hobby.
"Wise men speak because they have something to say; Fools because they have to say something. "

-- Plato, philosopher

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