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INDETERMINANT: The term commonly used to indicate that the direction of the change in either price or quantity is not known when the market experiences simultaneous shifts in both the demand and supply curves. For example, an increase in both demand and supply definitely increases the quantity exchanged. But whether the market price increases or decreases is indeterminant.
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RECOVERY The early phase of a business-cycle expansion that occurs shortly after a contraction has ended. During a recovery, the unemployment rate remains relatively high, but is beginning to fall, and real gross domestic product begins to increase, usually rapidly. However, because the contraction remains fresh in the minds of many, it may not be immediately clear that the trough of the contraction has actually ended.
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time browsing through a long list of dot com websites wanting to buy either a pair of blue silicon oven mitts or a coffee cup commemorating the 2000 Olympics. Be on the lookout for celebrities who speak directly to you through your television.
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Junk bonds are so called because they have a better than 50% chance of default, carrying a Standard & Poor's rating of CC or lower.
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"The roots of education are bitter, but the fruit is sweet." -- Aristotle, Greek philosopher
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PWAC
Present Worth of Annual Costs
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