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MACROECONOMY: The aggregate, or national economy that is the prime focus of the study of macroeconomics.
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INDETERMINANT The directional change in a variable, resulting from the disruption of an equilibrium that is identified using comparative statics, is not known. This term is commonly used to indicate that the change in either price or quantity is unknown when the market experiences simultaneous shifts in both the demand and supply curves. For example, an increase in both demand and supply definitely cause an increase in the quantity exchanged. But whether the market price increases or decreases is indeterminant.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale hoping to buy either a wall poster commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki or decorative garden figurines. Be on the lookout for crowded shopping malls.
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Lombard Street is London's equivalent of New York's Wall Street.
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"Never confuse a single defeat with a final defeat." -- F. Scott Fitzgerald, writer
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OECD
Organization for Economic Co-operation and Development
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