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<strong>Post-Withdrawal Disbursement (PWD)</strong> – A disbursement made when the calculation for the school' s return to Title IV funds (R2T4) result in the student being eligible to receive more Title IV aid than was disbursed or delivered prior to his or her withdrawal.
natural price (DO)<br />The central long-run equilibrium product price around which market prices fluctuate. Adam SMITH, in introducing this concept, said that the natural price would be the sum of the natural prices of land, labour and capitaL natural rate of growth (04)<br />The maximum long-term rate of ECONOMIC GROWTH. In the HARROD DOMAR growth model it is measured as the sum of the rate of population growth and the rate of TECHNICAL PROGRESS reflected in labour PRODUCTfVITY. G = n + t, where G is the natural rate of growth, n is the rate of population growth and t is the rate of technical progress. Population growth leads to a growth of the LABOUR FORCE; technical progress increases labour productivity.<br /> See also: warranted rate of growth
lagged variable (C1)<br />A dependent variable in an equation referring to a period previous to the time associated with the independent variable.
monopoly power (Ll)<br />The power of a dominant firm or firms over a particular market or economy. Proxy measures of this take the form of CONCENTRATION RATIOS.<br /><em>See also:</em> Herfindahl-Hirschman index; Lerner index
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