Monday, January 24, 2011

Lethargy Sets In

Tyler is tired and doesn't really want to do his homework. Here's his vocabulary lesson:

• Marginal revenue product of labor
This is a thing that happens to people who care

• Equilibrium wage
That’s what I did!

• Laffer curve
This is a funny waist line

• Business cycle
Waste management

• Nominal GDP
The middle gross dog poop

• Real GDP
The real thing

• Full employment
Half days, 12 hours a day.

• Inflation rate
How big your belly gets pre pound of spaghetti you eat

I can't argue. I don't want to do dishes, so I'm blogging and watching BBC videos.

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