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GRAPHICAL ANALYSIS: The process of investigating economic phenomena in a systematic manner using graphs and diagrams. Graphical analysis is a common type of economic analysis.
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RISK AVERSION A preference for risk in which a person prefers guaranteed or certain income over risky income. Risk aversion arises due to decreasing marginal utility of income. A risk averse person prefers to avoid risk and is willing to pay to do so, often through the purchase of insurance. This is one of three risk preferences. The other two are risk neutrality and risk loving.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
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"Success is more a function of consistent common sense than it is of genius. " -- An Wang, industrialist
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NAIRU
Non-Accelerating Inflation Rate of Unemployment
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