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AGGREGATE EXPENDITURE DETERMINANT: A ceteris paribus factor that affects aggregate expenditures, but which is assumed constant when the aggregate expenditure line is constructed. Changes in any of the aggregate expenditures determinants cause the aggregate expenditure line to shift. While a wide variety of specific ceteris paribus factors can cause the aggregate expenditure line to shift, it's usually most convenient to group them into the four, broad expenditure categories -- consumption, investment, government purchases, and net exports. The reason is that changes in these expenditures are the direct cause of shifts in the aggregate expenditure line. If any determinant affects aggregate expenditures it MUST affect one of these four expenditures.
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Lesson 13: The Firm | Unit 4: U.S. Firms
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Page: 21 of 24
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In this unit, you should have learned about:- The distribution of productive activity among proprietorships, partnerships, and corporations in the U.S. economy.
- How proprietorships tend to be small scale operations, with 73% of the firms producing only 5% of the output.
- How corporations tend to be large scale operations, with 20% of the firms producing 89% of the output.
- The types of industries -- construction, transportation, trade, and services -- that tend to attract proprietorships.
- The types of industries -- agriculture, mining, and especially finance -- that tend to attract partnerships.
- The types of industries -- mining, manufacturing, trade, and finance -- that tend to attract corporations.
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AGGREGATE DEMAND AND MARKET DEMAND The aggregate demand curve, or AD curve, has similarities to, but differences from, the standard market demand curve. Both are negatively sloped. Both relate price and quantity. However, the market demand curve is negatively sloped because of the income and substitution effects and the aggregate demand curve is negatively sloped because of the real-balance, interest-rate, and net-export effects.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale trying to buy either one of those memory foam pillows or a remote controlled train set. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. " -- Steve Jobs, Apple Computer founder
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AACT
American Assocation of Commodity Traders
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