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Gerschenkron effect (C1, NO, F2)<br />The effect of the choice of a particular base year on an index of industrial output. In a largely agrarian society, the base year chosen will determine the rate of growth exhibited by that index. This was originally applied to the Soviet economy by the Austro-American economic historian Alexander Gerschenkron (1904-78).<br /><em>Reference</em><br />Gerschenkron, A. (1947) 'The Soviet indices of industrial production', Review of Economics and Statistics 29: 217 26.
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<strong>ACE</strong> – American Council on Education.
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<strong>FFEL Program</strong> – The Federal Family Education Loan Program loans that were authorized by Title IV, Part B, of the Higher Education Act of 1965, as amended. FFEL Program loans are funded by private lenders and are guaranteed by state agencies or other non-profit organizations. FFEL Program loans include Federal Stafford (subsidized and unsubsidized), Federal PLUS (for parents or for graduate/professional students), and Federal Consolidation Loans.
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