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ACTUAL INVESTMENT: Investment expenditures that the business sector actual undertakes during a given time period, including both planned investment and any unplanned inventory changes. This is a critical component of Keynesian economics and the analysis of macroeconomic equilibrium, which occurs when actual investment is equal to planned investment. The difference between planned and actual investment is unplanned investment, which is inventory changes caused by a difference between aggregate expenditures and aggregate output. Should actual and planned investment differ, then aggregate expenditures are not equal to aggregate output, and the macroeconomy is not in equilibrium.
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Lesson 2: Economic Science | Unit 4: Science and Practice
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Page: 13 of 20
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An example of how the scientific method works:- You suspect that a relationship exists between course grades and where students are seated in the class.
- Specifically, you think that students who sit closer to the front of the class receive higher the grades.
Three forms of our hypothesis:
General:- Students seated closer to the front receive higher grades.
A More Specific Form:- If students sit on the front row, then they receive As-- if they sit on the second row, then they receive Bs-- etc.
Using An Equation:- G = a + bD, where b is negative, meaning students seated closer (small D) receive higher grades (large G).
- Key is that we can compare hypothesis with data.
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COMPLEMENT-IN-PRODUCTION One of two (or more) goods that are simultaneously produced using a given resource. A complement-in-production is one of two alternatives falling within the other prices determinant of supply. The other is a substitute-in-production. An increase in the price of one complement good causes an increase in supply for the other.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction trying to buy either a birthday greeting card for your grandmother or a coffee cup commemorating yesterday. Be on the lookout for telephone calls from former employers.
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
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"Old age isn't so bad when you consider the alternative. " -- Cato, Roman orator
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IDA
International Development Association
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