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EQUIPMENT: One of the main categories of capital. Other categories are structures and inventories.
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SIMPLE EXPENDITURES MULTIPLIER A measure of the change in aggregate production caused by changes in an autonomous expenditure that shocks the macroeconomy, when consumption is the ONLY induced expenditure. The simple expenditures multiplier is the inverse of one minus the marginal propensity to consume, or more simply the inverse of the marginal propensity to save. A related multiplier is the simple tax multiplier, which measures the change in aggregate production caused by changes in taxes.
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Two and a half gallons of oil are needed to produce one automobile tire.
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"No great performance ever came from holding back. " -- Don Greene, motivational coach, former Green Beret
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TOCOM
Tokyo Commodity Exchange (Japan)
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