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GOVERNMENT PURCHASES DETERMINANTS: Ceteris paribus factors, other than aggregate income or production, that are held constant when the government purchases line is constructed and which cause the government purchases line to shift when they change. Some of the more important government purchases determinants are fiscal policy and politics.

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Lesson 2: Economic Science | Unit 4: Science and Practice Page: 14 of 20

Topic: Theory <=PAGE BACK | PAGE NEXT=>

What theory inspired this hypothesis?
  • The suspicion might be informal, but that doesn't mean it lacks the basics of a theory:
  • World View:
    • Instructors are 'nice' people, who know and like students in the front of the class better-- and thus award them higher grades.
  • General Laws of Nature:
    • Less information reaches students seated in the back because of physical laws governing the diffusion of light and sound.
    • More motivated students, who study more and earn higher grades, are inclined to sit near the front of the class.

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CENTRAL BANK

The banking authority of a nation that is charged of ensuring a sound money supply and conducting the country's monetary policy. It is usually officially authorized by, and works closely with, the other government policy makers to achieve full employment, low inflation rates, and economic growth. The Federal Reserve System is the central bank of the United States.

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APLS

BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either yellow cotton balls or a set of steel-belted radial snow tires. Be on the lookout for the happiest person in the room.
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This isn't me! What am I?

The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
"When you play, play hard; when you work, don't play at all. "

-- Theodore Roosevelt, 26th US president

GMB
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