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neo-Keynesians (B2)<br />A modem refinement of KEYNESIAN macroeconomics, particularly associated with
economic paradigm (B4)<br />A major principle central to a school of economics as it provides a fundamental analytical tool of economic theorizing. MARGINAL!SM and NEOCLASSICAL ECONOMICS, for example, have been able to demonstrate the powerful applications of the marginal concept backed up by calculus. In periods when there has been great dissatisfaction with the state of economics, a cry for a new paradigm has often heard: in the 1930s the concepts of KEYNES in his
<strong>Administrative Wage Garnishment (AWG)</strong> – Process by which federal student loan holders may withhold a portion of a borrower' s wages after a loan is in default.
excise duty (H2)<br />An indirect tax levied on a specific good, especially petrol, alcohol or tobacco. Duties of this kind have been an important source of government revenue in some countries, e.g. the USA, for longer than INCOME TAXES. Given the INELASTICITY of demand for these goods, they provide a reliable source of revenue. Also, the duties have been imposed as TARIFFS to protect domestic industries from the competition of imports.<br /><em>See also:</em> direct and indirect taxation
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