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INJECTION LINE: A line used in the injection-leakage model representing the relation between non-consumption expenditures (that is, injections) and national income. The three injections are investment expenditures, government purchases, and exports. The foundation of the injection line is the investment line, which is then enhanced by adding government purchases and exports. The other part of the injection-leakage model is a line representing leakages. The intersection of the injection and leakage lines identifies equilibrium aggregate output, or Keynesian equilibrium.
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DIVISION OF LABOR A basic economic notion that labor resources are used more efficiently if work tasks are divided among different workers. This allows workers to specialize in production as each becomes highly skilled at specific tasks.
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses those skills to accomplish his goals. " -- Larry Bird, basketball player
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NBER
National Bureau of Economic Research
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