Examlex
With a code,stimulus frequency is represented by a match between the frequencies of the incoming sound and the timing of action potentials in auditory fibers.
Potential Level
The maximum output an economy can produce without leading to inflation, when resources such as labor and capital are fully utilized.
Classical Economists
Economists from the 18th and 19th centuries who focused on the ideas of free markets, the law of supply and demand, and the role of competition in regulating economic activity.
Investment
The allocation of resources, usually money, with the expectation of generating an income or profit.
Saving
The portion of income not spent on consumption or taxes, typically put aside for future use or investment.
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