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PHYSICAL WEALTH, AGGREGATE EXPENDITURES DETERMINANT: One of several specific aggregate expenditures determinants assumed constant when the aggregate expenditures line is constructed, and that shifts the aggregate expenditures line when it changes. A decrease in physical wealth causes an increase (upward shift) of the aggregate expenditures line. An increase in physical wealth causes a decrease (downward shift) of the aggregate expenditures line. Other notable aggregate expenditures determinants include consumer confidence, federal deficit, inflationary expectations, and exchange rates.
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Lesson 2: Economic Science | Unit 4: Science and Practice
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Page: 13 of 20
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An example of how the scientific method works:- You suspect that a relationship exists between course grades and where students are seated in the class.
- Specifically, you think that students who sit closer to the front of the class receive higher the grades.
Three forms of our hypothesis:
General:- Students seated closer to the front receive higher grades.
A More Specific Form:- If students sit on the front row, then they receive As-- if they sit on the second row, then they receive Bs-- etc.
Using An Equation:- G = a + bD, where b is negative, meaning students seated closer (small D) receive higher grades (large G).
- Key is that we can compare hypothesis with data.
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INTERNATIONAL FINANCE The study of the flow of monetary payments and the exchange of currencies among nations undertaken as a necessary complement to the international trading of goods and services. The exchange of currencies takes place through the foreign exchange market, which determines the foreign exchange rate, or exchange rate or one currency for another. The balance of payments documents the flow of currency payments into and out of a given country. A related area of study is international trade, both of which are part of the broader study of international economics.
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The average length of a "business lunch" is about 36 minutes.
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"No great performance ever came from holding back. " -- Don Greene, motivational coach, former Green Beret
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CSE
Cincinnati Stock Exchange
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