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LEVERAGE: The use of credit or loans to enhance speculation in the financial markets. Suppose, for example, that you take the $1,000 in your bank account to your stock broker and purchase $1,000 worth of stocks, bonds, or whatever. A leveraged purchase would let you use your $1,000 to buy, let's say, $10,000 worth of stocks or bonds. The remaining $9,000 of the purchase price comes from a loan.
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Lesson 13: Aggregate Demand | Unit 3: The Curve
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Page: 10 of 22
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The aggregate demand curve captures the demand side of the aggregate market. Highlights: - First: the price level, our GDP deflator, is on the vertical axis, and real production is on the horizontal axis.
- Second: the aggregate demand curve has a negative slope. At lower prices, real aggregate expenditures are higher.
- Third: all ceteris paribus aggregate demand determinants are constant.
- Fourth: the aggregate demand curve gives us information for a given time period.
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ASSUMPTIONS, PRODUCTION POSSIBILITIES The four key assumptions underlying production possibilities analysis are: (1) resources are used to produce one or both of only two goods, (2) the quantities of the resources do not change, (3) technology and production techniques do not change, and (4) resources are used in a technically efficient way.
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"When you play, play hard; when you work, don't play at all. " -- Theodore Roosevelt, 26th US president
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APC
Average Propensity to Consume
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