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<strong>Proportional proration</strong> – A required calculation used to determine the applicable annual loan limit for an undergraduate student if the student' s program or remainder of the program is less than a full academic year in length.
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cost of living adjustment (J3)<br />A provision in a US labour contract providing for automatic wage increases in line with rises in the CONSUMER PRICE INDEX. Usually abbreviated to COLA.
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Keynesian cross diagram (E1)<br />A simple macroeconomic model of the national ECONOMY derived from Keynes's General Theory which can be used to expound the theory of aggregate demand and demonstrate the effects of fiscal policy and the MULTIPLIER. Planned expenditure is plotted against national output to indicate various levels of national output for which the economy can be in equilibrium or disequilibrium. It cannot cope with the problems of inflation and monetary policy, unlike IS-LM curves.<br /><em>See also:</em> equilibrium
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