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DISINVESTMENT: A drop in the total quantity of capital in the economy because the depreciation of existing capital is greater than investment in new capital. In other words, the capital we have is wearing out faster than we're replacing it with new stuff. This isn't good. At best, it limits economic growth and might even cause the economy's pie to shrink if increases in other resources don't kick in.

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NONDURABLE GOODS, CONSUMPTION

Personal consumption expenditures on tangible goods that tend to last for less than a year. Common examples are food, clothing, and gasoline. This is one of three categories of personal consumption expenditures in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other two are durable goods and services. Nondurable goods are about 30 percent of personal consumption expenditures and 20 percent of gross domestic product.

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APLS

GRAY SKITTERY
[What's This?]

Today, you are likely to spend a great deal of time searching for rummage sales trying to buy either a wall poster commemorating yesterday or pink cotton balls. Be on the lookout for door-to-door salesmen.
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This isn't me! What am I?

More money is spent on gardening than on any other hobby.
"Well done is better than well said. "

-- Benjamin Franklin, statesman, inventor

LRAS
Long Run Aggregate Supply
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