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WHEALER-LEA ACT: This was a major amendment to the Federal Trade Commission Act, passed in 1938, that gave powers to the Federal Trade Commission to investigate unfair and deceptive business practices and to prevent false advertising. The Whealer-Lea Act was a major step in moving the Federal Trade Commission into its current role as more of a consumer protection agency than a monopoly buster.
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Lesson 13: Aggregate Demand | Unit 4: Determinants
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Page: 19 of 22
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- The nature of economic instability coming from the four basic sectors.
- The nature of aggregate demand determinants as ceteris paribus factors that are initially assumed constant and aren't measured explicitly on our AD graph.
- How an increase (or decrease) in aggregate demand is represented as a shift to the right (or left) and how this increase (or decrease) represents an increase (or decrease) in aggregate expenditures over a range of price levels.
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AMERICAN ECONOMIC ASSOCIATION A formal organization of professional economists that promotes economic research, organizes annual meetings and conferences, and maintains a list of publications in several economics subjects. The American Economic Association (AEA) was originally organized by a small group interested in economics at a meeting in 1888 in Saratoga, New York. However, as interest in the subject grew, it officially incorporated in 1923. Although the AEA contained only a small number of members in the beginning, today the membership is approximately 18,000. In addition, about 4,600 libraries, institutions, and firms subscribe to the quarterly publications of the AEA.
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Three-forths of the gold mined each year is used to manufacture jewelry.
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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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IIPF
International Institute of Public Finance
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