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FEDERAL HOME LOAN BANK: This was originally the federal government entity responsible for chartering and regulating savings and loan associations. However, it has evolved into a group of 12 privately owned, government regulated banks that promote community develop and home ownership by providing funds to lending agencies (that is, banks) that are used for home mortgage loans.
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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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VALUE IN USE The satisfaction of wants and needs provided by the direct consumption of goods and services. Acquiring value from the use of goods and services is really the ultimate goal of economic activity. It is the final step in the production, allocation, and consumption activities that are undertaken to address the fundamental problem of scarcity. Value in use should be contrasted with the similar phrase, value in exchange.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store seeking to buy either a printer that works with your stockpile of ink cartridges or income tax software. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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A half gallon milk jug holds about $50 in pennies.
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"The road to success is always under construction. " -- Lily Tomlin, Actress
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NAA
National Association of Accountants
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