Superphysics
Definitions
1 minutes • 67 words
| Word | Keynesian Definition | Superphysics Definition |
|---|---|---|
| User cost | The entrepreneur’s cost of using his own equipment | |
| Full employment | the maximum quantity of employment at a given real wage | All beings wanting to work being able to work |
| Marginal Disutility of Employment | Slave Wages | |
| Multiplier | ||
| Natural Interest Rate | The interest rate which will preserve the status quo | The rate that keeps economic balance in order to maintain zero inflation |
