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May 30, 2023 

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SLOPE: A measure of the flatness or steepness of line. It can be thought of as the 'rise' over the 'run', that is the change in the variable on the vertical axis (rise) divided by the change in the variable on the horizontal axis (run).

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CONSUMPTION-INCOME RELATION: The relation between household sector consumption expenditures and income. This relation captures the fundamental psychological law and is a cornerstone of Keynesian economics. It is generally represented by either the consumption schedule or the consumption line.

     See also | Keynesian economics | consumption | income | psychological law | consumption line | consumption schedule |


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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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RED AGGRESSERINE
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Today, you are likely to spend a great deal of time searching for a specialty store looking to buy either a birthday greeting card for your grandmother or a coffee cup commemorating yesterday. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
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This isn't me! What am I?

Cyrus McCormick not only invented the reaper for harvesting grain, he also invented the installment payment for selling his reaper.
"Never let the fear of striking out get in your way. "

-- Babe Ruth

MSE
Mean Squared Error
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