Economics
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When a president or prime minister talks about easing of monetary policy or fiscal expansion to stimulate the economy, they are talking about changes to the aggregate demand curve. Aggregate demand is the sum of individual demand curves of all buyers inside and outside of a country.An individual demand...
Microeconomics studies how the decisions and interactions of individuals and businesses affect the economy. When people place a demand on a product, businesses usually respond by adjusting supplyof a good or service. Given that resources are scarce, it is important to make use of microeconomics to make...
The marginal propensity to consume (MPC) is the name given in macroeconomics to the study of people’s consumption rates when there is a shift in income. If nothing else changed and people were offered a raise in pay, the MPC measures what proportion of this raise people spend on the consumption of goods...
When you listen to news about the economy it can be difficult to understand some of the key terms used and what they actually mean in terms of their impact upon the economy. One of the factors which affects the economy and is often discussed is the current rate of inflation and its impact on the economy.
In...
In economy, as in all sciences, we must establish different sections so that when studying it is easier and more organized. The first division usually done is to distinguish between microeconomics and macroeconomics. So you won't have any trouble understanding them and to help you study economics, on oneHOWTO...
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