Quantity Theory of Money
The Quantity Theory of Money seeks to explain the factors that determine the general price level in an economy. According…
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The Quantity Theory of Money seeks to explain the factors that determine the general price level in an economy. According…
Cost-push inflation is a type of inflation caused by substantial increases in the cost of important goods or services where…
Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. It involves inflation rising as…
The Liquidity Preference Theory says that the demand for money is not to borrow money but the desire to remain…
The term ‘macro’ was first used in economics by Ragner Frisch in 1933. But as a methodological approach to economic…
The national income and national product accounts of a country describe the economic performance or production performance of a country.…
Closed economy Models A closed economy is a country that does not import or export. A closed economy sees itself…
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed…
In economics, the consumption function describes a relationship between consumption and disposable income. The concept is believed to have been…
The Keynesian Multiplier is an economic theory that asserts that an increase in private consumption expenditure, investment expenditure, or net…