
ENERGY PRICES, AGGREGATE SUPPLY DETERMINANT: One of several specific aggregate supply determinants assumed constant when the aggregate supply curve is constructed, and that shifts the aggregate supply curve when it changes. An increase in the energy prices causes a decrease (leftward shift) of the aggregate supply curve. A decrease in the energy prices causes an increase (rightward shift) of the aggregate supply curve. Other notable aggregate supply determinants include technology, wages, and the capital stock. Energy prices fall under the resource price aggregate supply determinant.
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A: The common notation for the "intercept" term of an equation specified as Y = a + bX. Mathematically, the aintercept term indicates the value of the Y variable when the value of the X variable is equal to zero. Theoretically, the aintercept is frequently used to indicate exogenous or independent influences on the Y variable, that is, influences that are independent of the X variable. For example, if Y represents consumption and X represents national income, a measures autonomous consumption expenditures. See also  slope  b  exogenous variable  endogenous variable  consumption function  consumption  national income  model  principle  law  positive relation  negative relation  Recommended Citation:A, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 20002022. [Accessed: November 26, 2022].
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INTERCEPT, NET EXPORTS LINE The intercept of the net exports line indicates autonomous net exports, net exports that do not depend on the level of domestic income or production. This can be thought of as net exports, exports minus imports, that the foreign sector undertakes regardless of the state of the economy. Autonomous net exports are affected by the net exports determinants, which cause a change in the intercept and a shift of the net exports line.
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ILS Indirect Least Squares, International Labor Standards


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