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COINCIDENT ECONOMIC INDICATOR: One of four economic statistics that tend to move up and down with the expansions and contractions of the business cycle. You can get a pretty good idea of what our economy's doing RIGHT NOW by looking at these. Coincident economic indicators are measurements that move with the aggregate economy. When a contraction starts, these indicators decline. During an expansion. these indicators rise. These indicators, and their siblings, leading economic indicators and lagging economic indicators are compiled by their parents, those pointy-headed economist at National Bureau of Economic Research.
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Lesson 10: Utility and Demand | Unit 1: The Set Up
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- Recall that the definition of demand is something like this:
- Demand is the willingness and ability to buy a range of quantities of a good at a range of prices, during a given time period.
- The law of demand...
- The law of demand states that an inverse relation exists between demand price and the quantity demanded, ceteris paribus.
- If the price rises, buyers buy less; if the price falls, buyers buy more.
- One set of explanations for the law of demand are the income effect and the substitution effect.
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BALANCE ON MERCHANDISE TRADE A subset of the balance of payments current account that records the difference between the payments received for exports of goods to other nations and the payments made for the imports of goods from other nations. The goods included are physical or tangible goods, but not intangible services. The balance on merchandise trade is thus appropriately divided into merchandise exported and merchandise imported. Two other subsets of the current account include the balance on services and unilateral transfers. The commonly termed balance of trade is the sum of the balance on merchandise trade and the balance on services.
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Junk bonds are so called because they have a better than 50% chance of default, carrying a Standard & Poor's rating of CC or lower.
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"Plans are only good intentions unless they immediately degenerate into hard work." -- Peter Drucker, management consultant
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TOCOM
Tokyo Commodity Exchange (Japan)
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