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September 20, 2018 

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AGGREGATE DEMAND: The total (or aggregate) real expenditures on final goods and services produced in the domestic economy that buyers would willing and able to make at different price levels, during a given time period (usually a year). Aggregate demand (AD) is one half of the aggregate market analysis; the other half is aggregate supply. Aggregate demand, relates the economy's price level, measured by the GDP price deflator, and aggregate expenditures on domestic production, measured by real gross domestic product. The aggregate expenditures are consumption, investment, government purchases, and net exports made by the four macroeconomic sectors (household, business, government, and foreign).

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PRINTERS UNION: This craft union among printers created in 1852 was the first permanent national union in the United States. While labor unions had be legal since the Commonwealth versus Hunt decision in 1842, most unions were craft unions and limited to labor markets in specific cities. The shoemakers union in Boston was unrelated to the shoemakers union in Philadelphia. The printers union was the first of several national craft unions established in the ensuing decade. As a national union, it controlled significantly more labor and thus exerted greater market control.

     See also | labor union | craft union | Commonwealth versus Hunt | market control | American Federation of Labor |


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MARGINAL PROPENSITY TO INVEST

The change in business investment expenditures induced by a change in income or production (national income or gross domestic product). The marginal propensity to invest (abbreviated MPI) is another term for the slope of the investment line and is calculated as the change in investment divided by the change in income or production. The MPI plays a role in Keynesian economics. It augments the slope of the aggregate expenditures line and is part to the multiplier process. A related marginal measure is the marginal propensity to consume.

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Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club seeking to buy either a how-to book on home remodeling or a tall storage cabinet with five shelves and a secure lock. Be on the lookout for mail order catalogs with hidden messages.
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A half gallon milk jug holds about $50 in pennies.
"No amount of business school training or work experience can teach what is ultimately a matter of personal character. "

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