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NORRIS-LAGUARDIA ACT: A Congressional act passed in 1932 that outlawed the use of yellow-dog contracts by employers and made it more difficult for firms to use legal injunctions against labor unions. This act strengthened labor related provisions of the Clayton Act and foreshadowed the more favorable attitude toward labor unions under the ensuing Roosevelt administration.
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SLOPE, SAVING LINE The positive slope of the saving line is also termed the marginal propensity to save (MPS). This slope is greater than zero but less than one, reflecting induced saving and the Keynesian psychological law of consumer behavior that saving increases by less than the increase in income. The slope of the saving line provides the foundation for the slope of the leakages line used in the injections-leakages model. It thus also affects the magnitude of the multiplier process.
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GRAY SKITTERY [What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads hoping to buy either throw pillows for your bed or a package of blank rewritable CDs. Be on the lookout for slow moving vehicles with darkened windows. Your Complete Scope
This isn't me! What am I?
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
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"You can't use up creativity. The more you use, the more you have. " -- Maya Angelou, poet
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TOCOM Tokyo Commodity Exchange (Japan)
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