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EMIGRATION: Migration that leaves one country for another country. This is the other side of immigration. While immigration is people moving into a country, emigration is people moving out. People emigrate for the same reasons they migrate in general, to improve their lot in life. Emigration can be a problem for a country that's not highly developed because those who leave are often the "best and the brightest." As such, a country that's struggling to advance often finds itself left with unskilled, uneducated labor--the poorest of the poor who can't afford to leave.
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KEYNESIAN MODEL A macroeconomic model based on the principles of Keynesian economics that is used to identify the equilibrium level of, and analyze disruptions to, aggregate production and income. This model identifies equilibrium aggregate production and income as the intersection of the aggregate expenditures line and the 45-degree line. The Keynesian model comes in three basic variations designated by the number of macroeconomic sectors included--two-sector, three-sector, and four sector. The Keynesian model is also commonly presented in the form of injections and leakages in addition to the standard aggregate expenditures format. This model is used to analyze several important topics and issues, including multipliers, business cycles, fiscal policy, and monetary policy.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway seeking to buy either a flower arrangement in a coffee cup for your father or a how-to book on meeting people. Be on the lookout for high interest rates.
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Okun's Law posits that the unemployment rate increases by 1% for every 2% gap between real GDP and full-employment real GDP.
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"The only profit center is the customer. " -- Peter Drucker, management consultant
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ACRS
Accelerated Cost Recovery System
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