Macroeconomic theory and evidence
The Phillips curve is a graphical representation of the inverse relationship between inflation and unemployment. The curve is named after economist A.W. Phillips, who first observed this relationship in the…
The subject matter of Economics is broadly divided into two sub-fields: microeconomics and macroeconomics. Every topic, theory or application in Economics can be broadly classified into these two branches. Although…
Investment decisions of any firm and in the economy as a whole depend on a variety of factors. Investment involves understanding the effects of lags, future expectations and even the…
