Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

PDF for economics from the official Punjab Board website. Access chapter-wise details for economics with the link to download ...

While the predicted demise of bonds as a diversifier has not come to pass, fixed-income investors are not out of the woods ...

The term ‘supply curve’ is only used to refer to the short-run aggregate supply, and the curve is upward sloping because the quantity of goods supplied increases as the price increases. An example of ...

The arrival of a consistent supply of stone from Suriname is expected to ease bottlenecks and reduce costs. “Aggregate has been a major constraint,” one official remarked during the ceremony.

Aggregate supply and demand are represented separately by their curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

It is reflected in an upward (or leftward) shift of the aggregate supply curve. Such shifts occur when costs of production rise independently of aggregate demand. There are several factors that drive ...

This shortage of capital represents a less aggregate supply. What is the determinate of changes in aggregate supply? A movement in aggregate supply curve is due to various factors. However, some of ...