A character on Grey's Anatomy. Started off being really annoying but has slowly evolved into an amazing character. Eloped with Jackson Avery, but the have recently gotten divorced. Her best friend is Arizona Robbins.
by lcw123 May 27, 2016
Get the april kepner mug.*noun*; a school of economic thought prevalent after World War 2; around 1980, Keynesianism was supposedly superseded by monetarism, and then by the rational expectations hypothesis. Theory is named for John M. Keynes (1881-1946), who argued against the then-mainstream view that the economy was "self correcting." Keynes' book introducing his economic theory was The General Theory of Employment, Interest, and Money (1936).
*Basic Concept*
_______________________________________
The basic concept of Keynesianism is that each economy has a level of aggregate demand, which does not respond to price or income levels in the same way that classical economics says it should. Rising income, for example, *does not* lead to a matching increase in consumption or business investment. Business investment is driven by investment opportunity, not {only by interest rates. Savings is driven by liquidity preference, not only by interest rates.
Keynes suggested that, for any economy, there was a marginal propensity to consume that was less than one. Hence, if the national income rose by 10%, consumption would rise by something less than 10%. This would lead to some production not being consumed, waste, and unemployment.
*What Keynesianism Says We Should Do*
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In 1936, when Keynes wrote *The General Theory*, most of the world was suffering from the Great Depression. Keynes recommended that the national government stimulation aggregate demand through a policy of deficit stimulus. In other words, the country should create adequate levels of aggregate demand by spending more than it took in as taxes (fiscal policy).
Also, Keynesianism held that aggregate demand could be stimulated *up to a point* by lowering interest rates (monetary policy).
*Application*
_______________________________________
In the USA and other large industrial countries, fiscal and monetary policy has been attempted often. After 1980, the Federal Reserve chair (Paul Volcker) was a monetarist, who claimed to reject Keynesianism. Nobel laureates in economics almost unanimously attacked Keynesianism as outmoded and wrong-headed, but governments continue to use fiscal stimulus and interest rate cuts in response to recessions.
*Basic Concept*
_______________________________________
The basic concept of Keynesianism is that each economy has a level of aggregate demand, which does not respond to price or income levels in the same way that classical economics says it should. Rising income, for example, *does not* lead to a matching increase in consumption or business investment. Business investment is driven by investment opportunity, not {only by interest rates. Savings is driven by liquidity preference, not only by interest rates.
Keynes suggested that, for any economy, there was a marginal propensity to consume that was less than one. Hence, if the national income rose by 10%, consumption would rise by something less than 10%. This would lead to some production not being consumed, waste, and unemployment.
*What Keynesianism Says We Should Do*
_______________________________________
In 1936, when Keynes wrote *The General Theory*, most of the world was suffering from the Great Depression. Keynes recommended that the national government stimulation aggregate demand through a policy of deficit stimulus. In other words, the country should create adequate levels of aggregate demand by spending more than it took in as taxes (fiscal policy).
Also, Keynesianism held that aggregate demand could be stimulated *up to a point* by lowering interest rates (monetary policy).
*Application*
_______________________________________
In the USA and other large industrial countries, fiscal and monetary policy has been attempted often. After 1980, the Federal Reserve chair (Paul Volcker) was a monetarist, who claimed to reject Keynesianism. Nobel laureates in economics almost unanimously attacked Keynesianism as outmoded and wrong-headed, but governments continue to use fiscal stimulus and interest rate cuts in response to recessions.
Keynesianism held out the prospect that the state could reconcile the private ownership of the means of production with democratic management of the economy.
Adam Przeworski, *Capitalism and social democracy* (1986)
Adam Przeworski, *Capitalism and social democracy* (1986)
by Abu Yahya March 3, 2009
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Key + camera
Key's (from the Korean group SHINee) uncanny ability to spot cameras that his fans gave him the nickname "Keymera"
Key's (from the Korean group SHINee) uncanny ability to spot cameras that his fans gave him the nickname "Keymera"
Keymera strikes again!
by LOLing@yourfail July 2, 2011
Get the Keymera mug.The devil himself.
Keaton once said, "I don't believe in God, but I'm afraid of him."
Well I believe in God, and the only thing that scares me is Keyser Söze
Well I believe in God, and the only thing that scares me is Keyser Söze
by Grace April 19, 2004
Get the Keyser Söze mug.STOP!
Unless you want the ending of a GREAT movie spoiled for you, DO NOT read any of the definitions below. The Usual Suspects is probably one of the best mysteries ever. If I were to make a list of the best crme films of the 90's it would rank number 2 (just under Pulp Fiction). The character Keyser Soze is a rarely seen, nearly mythical crime kingpin who is involved in drugs, murder, and possibly international terrorism (as hinted in one scene). Most believe he is not real, but rather boogeyman story or name-drop to intimidate people. In the end of the movie, the shocking identity of Keyser Soze is finally revealed. Go watch The Usual Suspects and see it for yourself. Do not let this great ending get ruined for you!
Unless you want the ending of a GREAT movie spoiled for you, DO NOT read any of the definitions below. The Usual Suspects is probably one of the best mysteries ever. If I were to make a list of the best crme films of the 90's it would rank number 2 (just under Pulp Fiction). The character Keyser Soze is a rarely seen, nearly mythical crime kingpin who is involved in drugs, murder, and possibly international terrorism (as hinted in one scene). Most believe he is not real, but rather boogeyman story or name-drop to intimidate people. In the end of the movie, the shocking identity of Keyser Soze is finally revealed. Go watch The Usual Suspects and see it for yourself. Do not let this great ending get ruined for you!
The background story of Keyser Soze as told by the character Verbal Kint:
"He's supposed to be Turkish. Some say his father was German. Nobody ever believed he was real. Nobody ever knew him or saw anybody that ever worked directly for him. But to hear Kobayashi tell it, anybody could have worked for Soze. You never knew; that was his power. The greatest trick the devil ever pulled was convincing the world he didn't exist.
One story the guys told me, the story I believe, was from his days in Turkey. There was a gang of Hungarians that wanted their own mob. They realized that to be in power, you didn't need guns or money or even numbers. You just needed the will to do what the other guy wouldn't. After a while, they come into power and then they come after Soze. He was small-time then, just running dope, they say. (We see all of this in flashback) They come to his home in the afternoon, looking for his business. They find his wife and kids in the house and decide to wait for Soze. He comes home to find his wife raped and children screaming. The Hungarians knew Soze was tough, not to be trifled with, so they let him know they meant business.
(Flashback: Hungarian cuts one of the children's throats)
They tell him they want his territory, all his business. Soze looks over the faces of his family. Then he showed these men of will what will really was.
(Soze shoots two Hungarians, then shoots his children and his wife as the last Hungarian watches in surprised horror)
He tells him he would rather see his family dead than live another day after this. He lets the last Hungarian go, waits until his wife and kids are in the ground, and then he goes after the rest of the mob. He kills their kids. He kills their wives. He kills their parents and their parents' friends. He burns down the houses they live in, the stores they work in. He kills people that owe them money. And like that, he's gone. Underground. Nobody's ever seen him since. He becomes a myth, a spook story that criminals tell their kids at night. 'Rat on your pop and Keyser Soze will get you.' But no one ever really believes."
"He's supposed to be Turkish. Some say his father was German. Nobody ever believed he was real. Nobody ever knew him or saw anybody that ever worked directly for him. But to hear Kobayashi tell it, anybody could have worked for Soze. You never knew; that was his power. The greatest trick the devil ever pulled was convincing the world he didn't exist.
One story the guys told me, the story I believe, was from his days in Turkey. There was a gang of Hungarians that wanted their own mob. They realized that to be in power, you didn't need guns or money or even numbers. You just needed the will to do what the other guy wouldn't. After a while, they come into power and then they come after Soze. He was small-time then, just running dope, they say. (We see all of this in flashback) They come to his home in the afternoon, looking for his business. They find his wife and kids in the house and decide to wait for Soze. He comes home to find his wife raped and children screaming. The Hungarians knew Soze was tough, not to be trifled with, so they let him know they meant business.
(Flashback: Hungarian cuts one of the children's throats)
They tell him they want his territory, all his business. Soze looks over the faces of his family. Then he showed these men of will what will really was.
(Soze shoots two Hungarians, then shoots his children and his wife as the last Hungarian watches in surprised horror)
He tells him he would rather see his family dead than live another day after this. He lets the last Hungarian go, waits until his wife and kids are in the ground, and then he goes after the rest of the mob. He kills their kids. He kills their wives. He kills their parents and their parents' friends. He burns down the houses they live in, the stores they work in. He kills people that owe them money. And like that, he's gone. Underground. Nobody's ever seen him since. He becomes a myth, a spook story that criminals tell their kids at night. 'Rat on your pop and Keyser Soze will get you.' But no one ever really believes."
by Cthulhu February 6, 2005
Get the keyser soze mug.(Canadian Slang, Noun) Game played in colleges and universities, where players create a grid of fellow students names with three names across and three name down. Objective is to strategically choose the keenest (adjective, Keener) students who are first to answer questions during class or lecture. Once a student answers a question his or her name is crossed out until a player achieves a row, diagonal and /or full card depending on house rules. When player achieves objective, they need to immediately call out 'Bingo' in order to claim their win.
I was throw out of my philosophy lecture after winning at Keener Bingo today. The professor threated that it if happends again he will send me to the dean.
by dshea August 16, 2009
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