|
|
AFL: The abbreviation for the American Federation of Labor, which started as a collection of craft unions in 1886, this is now one half of the umbrella organization for labor unions in the United States (the AFL part of AFL-CIO). As a collection of craft unions, the AFL primarily represented skilled workers in particular occupations. However, it also contained unions representing unskilled industrial workers, which led to a rift among AFL members in 1938 and spawned the formation of the Congress of Industrial Organizations (CIO). This rift was closed in 1955, when both joined together to form the AFL-CIO, which is the primary advocate for workers and labor unions in the United States.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 6: Supply | Unit 3: Supply Curve
|
Page: 8 of 19
|
|
This table is a supply schedule presenting the relationship between supply price and quantity supplied. Our relationship is between the supply price in the middle column and the quantity of stuffed animals supplied in the right-hand column. Assumptions: - Ceteris paribus factors do not change.
- Quantities are supplied for a specific time period, such as one year.
Some observations about the supply schedule:- First, higher prices go with larger quantities supplied-the law of supply.
- Second, the prices are minimum values for the given quantities.
- Third, supply is the whole set of price/quantity pair numbers. Quantity supplied is any single number at the specified price.
- Fourth, these numbers are hypothetical, presenting a 'what if' relationship.
|
|
|
|
|
|
|
KEYNESIAN DISEQUILIBRIUM The state of the Keynesian model in which aggregate expenditures are not equal to aggregate production, which results in an imbalance that induces a change in aggregate production. In other words, the opposing forces of aggregate expenditures (the buyers) and aggregate production (the sellers) are out of balance. At the existing level of aggregate production, either the four macroeconomic sectors (household, business, government, and foreign) are unable to purchase all of the production that they seek or producers are unable to sell all of the production that they have.
Complete Entry | Visit the WEB*pedia |
|
|
PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages trying to buy either a velvet painting of Elvis Presley or a wall poster commemorating yesterday. Be on the lookout for the last item on a shelf.
Your Complete Scope
This isn't me! What am I?
|
|
|
Ragnar Frisch and Jan Tinbergen were the 1st Nobel Prize winners in Economics in 1969.
|
|
|
"If anything terrifies me, I must try to conquer it. " -- Francis Charles Chichester, yachtsman, aviator
|
|
FDI
Foreign Direct Investment
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
