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January 30, 2015 

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GOVERNMENT DEBT: The total amount of all government securities outstanding. This is also frequently termed the public debt.

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PERFECT COMPETITION, LONG-RUN ADJUSTMENT

A perfectly competitive industry undertakes a two-part adjustment to equilibrium in the long run. One is the adjustment of each perfectly competitive firm to the appropriate factory size that maximizes long-run profit. The other is the entry of firms into the industry or exit of firms out of the industry, to eliminate economic profit or economic loss. The end result of this long-run adjustment is a multi-faceted equilibrium condition that price is equal to marginal cost and average cost (both short run and long run).

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APLS

State of the ECONOMY

Construction Spending
September 2014
$950.9 billion
Down 0.4% from Aug. 2014 Source: Econ Stats Adm.

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BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time surfing the Internet hoping to buy either a solid oak entertainment center or a remote controlled ceiling fan. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?

In the early 1900s around 300 automobile companies operated in the United States.
"A genius is a talented person who does his homework."

-- Thomas Edison

ASEAN
Association of South East Asian Nations
A PEDestrian's Guide
Xtra Credit
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