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July 26, 2024 

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ECONOMIC GROWTH: The long-run expansion of the economy's ability to produce output. This is one of five economic goals, specifically one of the three macro goals (stability and full employment are the other two). Economic growth is made possible by increasing the quantity or quality of the economy's resources (labor, capital, land, and entrepreneurship).

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SUPPLY-SIDE ECONOMICS: A branch of economics that emphasizes the productive capabilities of resources, especially in the context of macroeconomic instability and economic growth. Supply-side economics became popular in the 1980s after several decades of Keynesian "demand-side" economics. Supply-side proponents contended that policies aimed at the demand-side alone, especially fiscal policies, was causing economic stagnation. One note result of supply-side economics was the developed of the aggregate market, which combined existing demand-side economics with the newly emerging focus on the supply-side.

     See also | supply-side policies | supply-management policies | conservative | fiscal policy | aggregate market | Keynesian economics |


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IMPORTS LINE

A graphical depiction of the relation between imports bought from the foreign sector and the domestic economy's aggregate level of income or production. This relation is most important for deriving the net exports line, which plays a minor, but growing role in the study of Keynesian economics. An imports line is characterized by vertical intercept, which indicates autonomous imports, and slope, which is the marginal propensity to import and indicates induced imports. The aggregate expenditures line used in Keynesian economics is derived by adding or stacking the net exports line, derived as the difference between the exports line and imports line, onto the consumption line, after adding investment expenditures and government purchases.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a rotisserie oven that can also toast bread or a flower arrangement in a coffee cup for your father. Be on the lookout for poorly written technical manuals.
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The first "Black Friday" on record, a friday marked by a major financial catastrophe, occurred on September 24, 1869 -- A FRIDAY -- when an attempted cornering of the gold market induced a financial crises and economy-wide depression.
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