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NATIONAL SCIENCE FOUNDATION: An independent agency of the U.S. Government whose main goals are: (1) to promote the progress of science, (2) to advance the national health, prosperity, and welfare, and (3) to secure the national defense. The National Science Foundation (NSF) funds research and education in science and engineering through grants, contracts, and cooperative agreements in all parts of the United States. The governing board of the NSF is the National Science Board, which is composed of 24 part-time members, appointed by the President and confirmed by the Senate. The NSF was established by the National Science Foundation Act signed by President Harry S. Truman in 1950.
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SLOPE, CONSUMPTION LINE The positive slope of the consumption line is also termed the marginal propensity to consume (MPC). This slope is greater than zero but less than one, reflecting induced consumption and the Keynesian psychological law of consumer behavior that consumption increases by less than the increase in income. The slope of the consumption line provides the foundation for the slope of the aggregate expenditures line and thus also affects the magnitude of the multiplier process.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale trying to buy either one of those memory foam pillows or a remote controlled train set. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. " -- Steve Jobs, Apple Computer founder
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PBOT
Phildelphia Board of Trade
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