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<strong>Consolidation</strong> – The combining of existing federal student loans into one new loan with an interest rate equal to the weighted average of the loans being consolidated. Consolidation can result in lower monthly payments but higher total debt.
marginal revenue product (DO)<br />A MARGINAL physical PRODUCT (MPP) multiplied by the MARGINAL REVENUE obtained from that unit. Under PERFECT COMPETITION, as price is equal to MARGrNAL REVENUE, the marginal revenue product (MRP) is equal to the product of the marginal physical product and the price. The MRP shows the addition to the TOTAL REVENUE of a firm of producing another unit.
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crowding in (E2)<br />Public expenditure which stimulates private sector investment.<br /><em>See also:</em> crowding out
<strong>Fiscal Year (FY)</strong> – An annual budgetary period. A fiscal year may be defined as a calendar year or other period, such as a State Fiscal Year (July 1-June 30) or Federal Fiscal Year (October 1 - September 30).
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