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August 22, 2014 

AmosWEB means Economics with a Touch of Whimsy!

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LIABILITY: Something that you owe. The biggest liabilities for most consumers are loans, including mortgages, car loans, credit-card balances, and installment accounts at stores.

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AVERAGE REVENUE CURVE, MONOPOLY

A curve that graphically represents the relation between average revenue received by a monopoly for selling its output and the quantity of output sold. Because average revenue is essentially the price of a good, the average revenue curve is also the demand curve for a monopoly's output.

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State of the ECONOMY

Consumer Price Index Urban
July 2014
238.250
Up 0.1% from June 2014 Source: BLS

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BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time searching for rummage sales looking to buy either a how-to book on meeting people or clothing for your pet iguana. Be on the lookout for the last item on a shelf.
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The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
"The roots of education are bitter, but the fruit is sweet."

-- Aristotle, Greek philosopher

AFBD
Association of Futures Brokers and Dealers (UK)
A PEDestrian's Guide
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