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July 10, 2025 

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AD-AS ANALYSIS: An economic model relating the price level and real production that is used to analyze business cycles, gross domestic product, unemployment, inflation, stabilization policies, and related macroeconomic phenomena. The AS-AD model, inspired by the standard market model, captures the interaction between aggregate demand (the buyers) and short-run and long-run aggregate supply (the sellers).

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CURRENT YIELD: The yield or return on a financial asset calculated as the annual rate of return on the purchase price. The current yield is not necessarily equal to the yield to maturity or the coupon rate. For example a $100,000 corporate bond with a 5% coupon rate that is purchased at a discount of $95,000 has a current yield of 5.26%.

     See also | yield | rate of return | coupon rate | yield to maturity | interest rate | maturity | premium | discount | par value | present value |


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MARGINAL REVENUE PRODUCT CURVE

A curve that graphically illustrates the relation between marginal revenue product and the quantity of the variable input, holding all other inputs fixed. This curve indicates the incremental change in total revenue for incremental changes in the variable input. The marginal revenue product curve plays a key role in marginal productivity theory and the economic analysis of factor markets.

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APLS

RED AGGRESSERINE
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Today, you are likely to spend a great deal of time at a going out of business sale hoping to buy either galvanized steel storage shelves or a large green chalkboard shaped like the state of Maine. Be on the lookout for neighborhood pets, especially belligerent parrots.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
"Lord, where we are wrong, make us willing to change; where we are right, make us easy to live with. "

-- Peter Marshall, US Senate chaplain

NAV
Net Asset Value
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