There are 90 entries in the GLOSS*arama starting with the letter L.

Entries 1 through 35:

• L
• labor
• labor agreement
• labor force
• labor force participation rate
• labor-leisure tradeoff
• Labor-Management Relations Act
• labor market
• labor slowdown
• labor union
• labor union movement
• Laffer curve
• lagging economic indicator
• laissez faire
• land
• law
• law of comparative advantage
• law of demand
• law of diminishing marginal returns
• law of diminishing marginal utility
• law of increasing opportunity cost
• law of supply
• leading economic indicator
• leakage
• leakage line
• learning
• legal claim
• legal claims
• legal forces
• legal reserves
• legal types
• leisure
• Lerner index
• leverage
• leveraged buyout

Back to the GLOSS*arama

A measure of the change in aggregate production caused by equal changes in government purchases and taxes. The balanced-budget multiplier is equal to one, meaning that the multiplier effect of a change in taxes offsets all but the initial production triggered by the change in government purchases. This multiplier is the combination of the expenditures multiplier, which measures the change in aggregate production caused by changes in an autonomous aggregate expenditure, and the tax multiplier which measures the change in aggregate production caused by changes in taxes.

Complete Entry | Visit the WEB*pedia

It's time to give up our attempts to enter the Merciless Monolithic Media Masters Cable Television Company, Inc. office and take care of other pressing business -- taxes. The next stop on our excursion through the economy is the Shady Valley City Hall, where we need to momentarily, and begrudgingly, pause so that I may pay my semi-annual property tax bill. This is the least enjoyable stop -- at least for me -- on our journey. Grumble. Grumble. Grumble.

Of course I hate to pay taxes! But, then again, who doesn't? Taxes are one of those annoying and evil necessities of life that simply can't be avoided.

Or can they? Do we have to pay taxes? A quick visit to a bookstore will produce dozens of books telling you how to avoid taxes by investing here or buying this or doing that. Better yet, if we could rid ourselves of the inefficient, bloated, incompetent, do-nothing government, then you and I wouldn't have to pay taxes. Right? We could use our hard-earned income to buy stuff that we want, rather than letting the inefficient, bloated, incompetent, do-nothing government spend it on stuff that we don't want, don't know anything about, and will never need. Right?
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Visit the PEDestrian's Guide

Today, you are likely to spend a great deal of time browsing about a thrift store hoping to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?

-- Boris Pasternak, writer

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