So-called "presenteeism," or going to work when sick, is a persistent problem at more than half of U.S. workplaces and costs U.S. business a whopping $180 billion a year, research shows. (from CNN.com)
by JDD January 30, 2007
Get the presenteeism 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
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Me: I will begin my Presentation by starts off with Alabama being-
Girl: why dose Carl having a boner?
Girl: why dose Carl having a boner?
by CoolBoydudemanboydudeperson May 22, 2019
Get the Presentation mug.Someone who solely invites people for the purpose of getting more presents on their Birthday. Usually, the present slut doesn't ever speak to the people they invited to their party ever again unless they're friends. Essentially it goes, invite rich people, obtain good presents, and never speak to them again.
"Ugh, Sarah is such a present slut!"
"I know right, she hasn't even talked to me since her birthday, and that was months ago!"
"I know right, she hasn't even talked to me since her birthday, and that was months ago!"
by literallyjust_girl December 1, 2020
Get the present slut mug.by Mac_D September 25, 2007
Get the proselytute mug.by arkanciscan October 6, 2011
Get the present company excluded mug.A phrase used by a person who is masturbating to a magazine when someone knocks on the door. Popularized by Master Shake in an episode of Aqua Teen Hunger Force.
by sanfud n sun April 30, 2006
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