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A transcritical cycle is a closed thermodynamic cycle where the working fluid goes through both subcritical and supercritical states. In particular, for power cycles the working fluid is kept in the liquid region during the compression phase and in vapour and/or supercritical conditions during the expansion phase.
The multiplier–accelerator model can be stated for a closed economy as follows: [3] First, the market-clearing level of economic activity is defined as that at which production exactly matches the total of government spending intentions, households' consumption intentions and firms' investing intentions.
For the subcritical region, the highest equilibrium pressure of adsorption is the saturation pressure of adsorbate. Beyond P s {\displaystyle P_{s}} condensation happens. Adsorbate in the adsorbed phase is largely in liquid state, based on which different adsorption and thermodynamic theories as well as their applications were developed.
Hydraulic jump in a rectangular channel, also known as classical jump, is a natural phenomenon that occurs whenever flow changes from supercritical to subcritical flow. In this transition, the water surface rises abruptly, surface rollers are formed, intense mixing occurs, air is entrained, and often a large amount of energy is dissipated.
Nuclear reactors can be susceptible to prompt-criticality accidents if a large increase in reactivity (or k-effective) occurs, e.g., following failure of their control and safety systems. The rapid uncontrollable increase in reactor power in prompt-critical conditions is likely to irreparably damage the reactor and in extreme cases, may breach ...
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."
The path between each state consists of some process (A through D) which alters the pressure or volume of the system (or both). Generalized PV diagram A key feature of the diagram is that the amount of energy expended or received by the system as work can be measured because the net work is represented by the area enclosed by the four lines.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".