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output-inflation trade off (E3) see Phillips curve
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<strong>School Certification Request (SCR) process</strong> – Optional process within CommonLine file specifications whereby a C record type is generated in application send files in response to a borrower-initiated application process. With the SCR process, the application send file is sent to the school for certification after the borrower has completed his/her part of the process, including passing any required credit check.
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big push (04)<br />A theory of simultaneous economic development in several sectors. RosensteinRodan asserted that for economic development to succeed there should be, as a minimum, several large investment projects in different industries in order to secure INCREASING RETURNS TO SCALE from !NDIVISIBILITIES in production. It was hoped that the scale of such development would reduce divergences between private and social products. However, the lack of resources of many Third World countries made it unlikely that so ambitious a scheme would be implemented.<br /><em>Reference</em><br />Rosenstein-Rodan, P. (1943) 'Problems of industrialization in Eastern and southeastern Europe', Economic Journal 53: 202-11.
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Hybrid Mode
