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<strong>GB</strong> – Graduate borrower, a loan type within CommonLine file specifications used on/after July 1, 2006 to designate a PLUS Loan made to a graduate or professional student as a Grad PLUS Loan. Grad PLUS Loans display within the MDHE' s online product, MODEL Direct, as “GB.”
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falling rate of profit (D3, 01)<br />The tendency of the rate of profit to fall. SMITH attributed this to a competition of capitals leading to an increase in the WAGE FUND and in real wages with the consequence that profit rates declined. RICARDO noted an inverse relationship between wages and profits so that when population expanded and food prices and wages rose profits fell. MARX predicted that falling profits in a domestic market would encourage capitalists to seek higher profits through investment abroad. Thomas De Quincey (1785-1859) in his Logic of Political Economy (1944) argued that the tendency of the rate of profit is to fluctuate.
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<strong>ESC</strong> – Electronic Standards Committee, a committee sponsored by NCHELP through which CommonLine and other electronic file formats and methods are determined.
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