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INFLATIONARY EXPECTATIONS, AGGREGATE EXPENDITURES DETERMINANT: One of several specific aggregate expenditures determinants assumed constant when the aggregate expenditures line is constructed, and that shifts the aggregate expenditures line when it changes. An increase in inflationary expectations causes an increase (upward shift) of the aggregate expenditures line. A decrease in inflationary expectations causes a decrease (downward shift) of the aggregate expenditures line. Other notable aggregate expenditures determinants include interest rates, federal deficit, consumer confidence, and exchange rates.
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Lesson 6: Market Supply | Unit 3: Supply Curve
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Page: 8 of 19
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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.
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ECONOMIC GROWTH, SOURCES Economic growth, the process of increasing the economy's ability to produce goods and services, can be achieved by increasing the quantity or quality of resources. The quantity option can include increases in the quantities of labor, capital, land, or entrepreneurship. The quality option primarily includes improvements in technology and human capital.
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time calling an endless list of 800 numbers seeking to buy either a T-shirt commemorating the first day of winter or software that won't crash your computer. Be on the lookout for poorly written technical manuals.
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In his older years, Andrew Carnegie seldom carried money because he was offended by its sight and touch.
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"Carpe diem! Rejoice while you are alive; enjoy the day; live life to the fullest; make the most of what you have. It is later than you think." -- Horace, Ancient Roman poet
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FV
Face Value
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