A place where you go if you are desperate to lose time. A place where you go for experiencing red tape in its supreme form. A place where you go if you want to experience administration as it was handled in the 17th century or earlier.
by groovymanu May 14, 2015
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by Jeff June 12, 2003
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Your ability is top drawer--rarely does anyone lie as CONVINCINGLY or as ARTISTICALLY as you do. Your skill has, in short, reached the zenith of perfection. Indeed, your mastery of the art is so GREAT that your LYING is ALMOST ALWAYS crowned with success--and you have no trouble seducing an unwary listener into BELIEVING that you are telling gospel truth..(Reference: by Norman Lewis, Word Power Made Easy)
by ~sweet_vengeance~ January 13, 2010
Get the Consummate Liar mug.*noun*; in Keynesian economics, the rate at which aggregate consumption rises in response to a rise in national income.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
Not only is the marginal propensity to consume weaker in a wealthy community, but, owing to its accumulation of capital being already larger, the opportunities for further investment are less attractive...
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
by Abu Yahya March 3, 2009
Get the marginal propensity to consume mug.by a consumed child October 24, 2020
Get the consume the child mug.To bring to completion or fruition; conclude: consummate a business transaction.
To realize or achieve; fulfill: a dream that was finally consummated with the publication of her first book.
To complete (a marriage) with the first act of sexual intercourse after the ceremony.
To fulfill (a sexual desire or attraction) especially by intercourse.
To realize or achieve; fulfill: a dream that was finally consummated with the publication of her first book.
To complete (a marriage) with the first act of sexual intercourse after the ceremony.
To fulfill (a sexual desire or attraction) especially by intercourse.
by mr.wanker November 9, 2003
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