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EMPLOYMENT-POPULATION RATIO: The ratio of employed persons to the total civilian noninstitutionalized population 16 years old or older. Also termed the employment rate, the employment-population ratio is used as an alternative indicator of the utilization of labor resources.
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Lesson 5: Demand | Unit 3: Demand Curve
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Page: 9 of 20
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This table is a demand schedule presenting the relationship between demand price and quantity demanded. Assumptions: - Ceteris paribus factors do not change.
- Data is for a specific time period.
Observations:- First, higher prices go with lower quantities demanded-the law of demand.
- Second, the prices and quantities are maximum values.
- Third, demand is the whole set of price/quantity pair numbers. Quantity demanded is any single number at the specified price.
- By the way, these numbers are hypothetical.
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EXPANSIONARY FISCAL POLICY A form of fiscal policy in which an increase in government purchases, a decrease in taxes, and/or an increase in transfer payments are used to correct the problems of a business-cycle contraction. The goal of expansionary fiscal policy is to close a recessionary gap, stimulate the economy, and decrease the unemployment rate. Expansionary fiscal policy is often supported by expansionary monetary policy. An alternative is contractionary fiscal policy.
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WHITE GULLIBON
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale seeking to buy either decorative garden figurines or a wall poster commemorating last Friday (you know why). Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?
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The first paper currency used in North America was pasteboard playing cards "temporarily" authorized as money by the colonial governor of French Canada, awaiting "real money" from France.
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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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LPG
Liquid Petroleum Gas
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